Everyone is looking for an edge when trading crypto. In a new video, a Bitcoin indicator designed for finding precise market turning points is used to turn $5 into $34,000.
The results are a shocking 88% success rate and more than 679,000% ROI. Let’s take a closer look.
About The Bitcoin Indicator Used: Fisher Transform
The Fisher TransformFisher Transform was created by John Elhers and first mentioned in the November 2002 Issue of Technical Analysis of Stocks and Commodities Magazine. The tool attempts to make sense of unpredictable price movements by using statistics.
The indicator takes price data and transforms it into a Gaussian normal distribution. All this means is that the tool tries to make the price data look like a more organized pattern that can be easier to understand.
In addition to using the tool’s turning points for buy and sell signals, passing through the zero line is also a sign that a trend is strengthening. While the tool is highly effective, combining its sign
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