Veteran Trader Tone Vays Updates Outlook on Bitcoin After Top Crypto Breaks Above $42,000

Veteran Trader Tone Vays Updates Outlook on Bitcoin After Top Crypto Breaks Above $42,000


Veteran trader Tone Vays says he’s remaining bullish on Bitcoin (BTC) despite the top crypto’s momentum oscillators showing weakness.

In a new strategy session, the seasoned crypto analyst tells his 119,000 subscribers that Bitcoin’s moving average convergence/divergence (MACD), Relative Strength Index (RSI), and Chaikin Money Flow (CMF) indicators all look “horrible.”

“The MACD is very bearish. RSI…RSI is a little nasty right now, I don’t even want to talk about it, and the CMF is in bad shape. The oscillators look horrible.”

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A crypto asset’s MACD is a momentum indicator formed by subtracting a longer-term moving average away from a shorter-term one. An asset’s RSI shows whether an asset is overbought or oversold while its CMF is a metric used to measure the buying and

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