bitcoin strength indicator

If Bitcoin does reach $40,000 by the end of the year, that would mean a gain of more than 75% from today’s price. The Cryptocurrency Strength Indicator works in all time-frames available on the TradingView platform, but as with all our indicators we strongly recommend using them across multiple time-frames for trading. Commodities This indicator is of course a little different, though the principles of how to use it can be considered the same. So how does it work? Well, first of all, here we are dealing with a cryptocurrency pair, rather than isolating out the currency itself, as every cryptocurrency is quoted against the USD in some way. In these markets we are seeing the movement of the cryptocurrency against the US dollar and in developing the indicator we have chosen to display this against Tether. In other words, USDT.

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