The Aroon indicator is used to identify trend changes in the price of an asset. It has two lines - Aroon up line (Bull) and Aroon down line (Bear).
Just a quick look at the BTCUSD monthly chart along with the Aroon indicator suggests this:
1. Aroon bear (red) has topped out & is ready to slide down
2. Aroon bull (blue) is ready to move sideways at the bottom for some months (aka accumulation)
3. The Indicator is exceptionally rythmic to the '15 bottom
Cheers,
singhsoro
Just a quick look at the BTCUSD monthly chart along with the Aroon indicator suggests this:
1. Aroon bear (red) has topped out & is ready to slide down
2. Aroon bull (blue) is ready to move sideways at the bottom for some months (aka accumulation)
3. The Indicator is exceptionally rythmic to the '15 bottom
Cheers,
singhsoro