Bitcoin has had a huge trading week for a variety of reasons, and now very much looks set to challenge back toward it's all-time price high.
This is not the best part about the ongoing move higher, but only half of the story. Allow me to explain more.
After what seems like the longest time, our flagship indicator Biyond Vanguard turned Green on the weekly time frame around the 99,000 area this week according to our Vanguard 2.0 indicator on Tradingview.
Source: Tradingview.com
Just to briefly explain, Vanguard 2.0 front runs the actual price closes, and gives a real-time account of the color changes on Vanguard.
While the Vanguard 1.0 indicator on our website only changes color once the actual time frame price closes happen.
Source: Biyond.co
So Vanguard 2.0 gives you a "heads up" about what Vanguard is doing or could possibly be about to do before the price close happens.
As regular followers of Biyond will know our Vanguard indicator has been entrenched in Orange and even Red on the Weekly time frame for the most part of the year so far.
The "Flippening" of Vanguard weekly this week also coincided with another major price ramp in crypto, which has so far culminated with BTC peaking slightly below 105,000.
Source: Tradingview.com
There are a number of other things we need to discuss due to this highly significant change in our flagship indicator.
Firstly, Vanguard Weekly jumped straight to Green this week and skipped Blue. This should be interpreted as being extremely bullish.
The fact that Blue was skipped means the metrics that track Vanguard merited the change, so Bitcoin is now "A straight-up Buy".
Source: Tradingview.com
Secondly, the last time Biyond Vanguard turned to Green on the weekly time frame Bitcoin rallied by nearly fifty percent.
Thirdly, Green weekly signals typically happen in consecutive order. This strongly hints at plenty more weeks of upside.
So next week is very likely to be the first official Vanguard Green weekly close on the Vanguard 1.0 in some time and could therefore herald in further significant gains for Bitcoin.
Source: Biyond.co
Regular Biyond members will be well aware of our upside targets Bitcoin and other cryptos.
Next week could well be a special week for the crypto market. All the signs are there.
