A derivative of NVT ratio, NVT signal is about to repeat behavior which sparked considerable BTC price appreciation in years past.
“NVT-Signal predicts that a big move for $BTC is coming,” the trader explained alongside a chart.
“When NVT signal crosses NVT ratio and the NVT signal was before, the price of $BTC has increased ~450% on average in the last 3 years. I expect that we will see a big green candle very soon.”
NVT has not always led to successful interpretations. At the end of 2021, a separate iteration flashed “oversold” despite BTC/USD going on to spend a year losing, not gaining, in USD terms.
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