Veteran trader Tone Vays says one Bitcoin (BTC) indicator that historically leads to crypto rallies just started flashing bullish signals.
In a recent YouTube update, Vays tells his 118,000 subscribers that the momentum reversal indicator (MRI), a signal that predicts the end of a trend based on price momentum, just showed up.
“I don’t have much bad news for you, the bad news took place in the prior two months. This is great news. Look, you have a weekly MRI buy. This is something we have not had in a long time, and they don’t come around that often.”
Based on the MRI signaling rallies on the horizon, Vays says he’s still bullish on