Crypto Storm Brewing: Bitcoin Vortex Indicator Flashes Buy Alert

Tony "The Bull" Severino

1 year ago

3 mins read

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Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path.

Forecasting A Storm in Crypto

Like a meteorologist can with some degree of accuracy forecast the weather, a technical analyst can increase the probability of predicting price movements.

Both fields rely on on watching for potentially cyclical behavior, repeating patterns, seasonality, and historical trends. But instead of classifying cloud formations, technical analysts rely on Ichimoku clouds expanding and contracting with volatility, or other similar tools.

Yet another technical tool related to the elements, the Vortex Indicator, says that Bitcoin buying season is around the corner, and once it starts, it could suck in everyone that’s sidelined and then some.

The Vortex Indicator has given a buy signal | BTCUSD on TradingView.com

About The Bitcoin Vortex Indicator

The 1M Bitcoin Vortex Indicator has crossed bullish. According to Wikipedia, a buy signal triggers when VM+ crossed above VM-. First revealed by creators Etienne Botes and Douglas Siepman in 2010, the tool helps “identify the start of a new trend or the continuation of the existing trend.”

Notably, in the past, each time the buy signal triggered, the bottom in Bitcoin was in. Even during the COVID collapse the monthly Vortex Indicator didn’t give another sell signal. Also worth mentioning is the fact that it appears to give its signal on the later side, after a bear or bull market is already visible. This speaks to the tool’s use for confirming trend changes. Only a handful of the buy side signals have triggered in BTCUSD history, and each time cryptocurrencies stormed substantially higher.

The Vortex Indicator was inspired by the work from Viktor Schauberger, an Austrian forest caretaker, naturalist, philosopher, inventor and pseudoscientist. Schauberger studied the flow of water in rivers and turbines during his career. Etienne Botes and Douglas Siepman developed the “idea that movements and flows within financial markets are similar to the vortex motions found in water.”

In nature, vortices are powerful forces inherent to whirlpools, tornados, and other powerful storms, known for sucking in everything in its path. Even the Great Red Spot on Jupiter is a vortex circling uncontrollably for hundreds – potentially thousands – of years. With this storm potentially changing direction, a wave of buying could be in the forecast.

The #Bitcoin monthly Vortex Indicator has triggered a buy signal

It is used to “spot trend reversals and confirm current trends”

Introduced by Etienne Botes and Douglas Siepman in 2010, the Vortex Indicator gives a buy signal when VM+ crosses VM- pic.twitter.com/n82LyOv9ru

— Tony "The Bull" (@tonythebullBTC) August 4, 2023

Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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