Veteran Trader Tone Vays Details Multiple Signals of Strength for Bitcoin, Says Environment for BTC Turning Bullish

Veteran Trader Tone Vays Details Multiple Signals of Strength for Bitcoin, Says Environment for BTC Turning Bullish


Veteran trader Tone Vays says a number of key technical metrics are flipping bullish for Bitcoin (BTC) after enduring a bearish backdrop for most of the year.

In a new strategy session, Vays tells his 122,000 YouTube subscribers that Bitcoin is holding strong as the weekly chart flash multiple bullish signals.

“We still have a higher closing high on weekly candles. We still have a higher swing high on weekly candles. These are both bullish signs. We have a green star candle. We have a bullish count on the MRI [momentum reversal indicator], and we are above the 200-week moving average. These are all bullish signs. 

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The MACD [moving average convergence divergence] is about to cross over. That’s a bullish sign. We’ve been here before.

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