{"id":420365,"date":"2020-04-09T20:00:58","date_gmt":"2020-04-09T20:00:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=420365"},"modified":"2024-06-11T13:47:19","modified_gmt":"2024-06-11T13:47:19","slug":"an-indicator-that-called-every-bitcoin-top-with-86-accuracy-big-drop-is-imminent","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/an-indicator-that-called-every-bitcoin-top-with-86-accuracy-big-drop-is-imminent\/","title":{"rendered":"An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent"},"content":{"rendered":"
Crypto analysts draw chart patterns, utilize technical analysis indicators, and much more to try and predict future price movements in assets like Bitcoin<\/a> and altcoins.<\/span><\/p>\n One specific technical analysis indicator that has called every Bitcoin top and bottom throughout the bear market with as much as 86% accuracy, has just signaled that a big drop could be imminent.<\/span><\/p>\n After starting off 2020 with a powerful rally, Bitcoin<\/a> and the rest of the cryptocurrency market experienced a catastrophic collapse as the public learned about the coming impact of the coronavirus on the economy and everyday life.<\/span><\/p>\n Investors sold off every asset in a panic, fleeing to cash in order to weather the coming storm. The selloff took Bitcoin down to a previously unthinkable $3,800<\/a>.<\/span><\/p>\n The unexpected move shocked investors, who had witnessed Bitcoin<\/a> price trading above $10,000 just a couple weeks prior.<\/span><\/p>\n But once that \u201cbottom\u201d was put in the leading cryptocurrency by market cap quickly nearly doubled in value to roughly $7,500 where the current rally is struggling with resistance.<\/span><\/p>\n The current resistance may be proving to be too strong for the recently demolished asset to break through, and a chillingly accurate indicator backs up the theory that the rally is finished<\/a>.<\/span><\/p>\n According to the stochastic indicator, among the most popular and commonly used technical analysis indicators, the top is likely to be in.<\/span><\/p>\n <\/p>\n The stochastic indicator is a technical analysis tool developed by Dr. George Lane in the late 1950s, designed to gauge the strength and momentum of a trend.<\/p>\n Past performance of the stochastic indicator, according to a prominent crypto analyst<\/a>, has resulted in accurate calls as much as 86% of the time for bottoms, and up to 88% accuracy for tops, when it comes to Bitcoin<\/a>.<\/span><\/p>\n With such little room left for error, the likelihood of the latest rally coming to its conclusion is high.<\/p>\n Related Reading | This Dead Accurate Indicator Is Signaling Major Crash Across All of Crypto\u00a0<\/a><\/strong><\/em><\/p>\n In the past, the indicator has also called tops when Bitcoin<\/a><\/span> reached the recent high of $10,500 this past March, when Bitcoin reached $14,000 last June, and when the cryptocurrency reached its all-time high of $20,000 at the height of the bubble in 2017.<\/p>\nStarted From the Bottom Now We\u2019re Here: Is $7,500 the Top in Bitcoin?<\/span><\/h2>\n
What Exactly is The Stochastic Indicator and Why Does it Matter?<\/span><\/h2>\n