As Bitcoin (BTC) has floundered over the past few months, falling by 50% from $14,000 to $7,300, American equities have been performing rather well. Earlier this week, the S&P 500 set an all-time high at 3,150, and the index has gained some 25% in the past year alone \u2014 likely one of the strongest years on record for the stock market. These gains have been reflected across the American stock market, meaning for the Dow Jones and the NYSE Composite indices as well, but not for Bitcoin and cryptocurrencies.<\/p>\n
But it may be about to get better. SentimenTrader, a popular stock market analysis firm mentioned by Bloomberg and the Financial Times, recently noted<\/a> that the monthly Moving Average Convergence Divergence (MACD) indicators for the Dow Jones and the NYSE have turned positive for the first time in over a year. This, they claim, is “bullish “for stocks on a longer term basis,” as historical precedent shows that positive MACD flips led to rises “100% of the time 6-12 months later.”<\/p>\n Monthly MACD's are now turning positive for the Dow and NYSE Composite for the first time in >1 year. This is bullish for stocks on a longer term basis.<\/p>\n When this happened in the past to the NYSE Composite, stocks went up 100% of the time 6-12 months later. pic.twitter.com\/AwcZ7YrOXU<\/a><\/p>\n — SentimenTrader (@sentimentrader) November 30, 2019<\/a><\/p><\/blockquote>\n\n