BTC Reggie Signal October 2nd, 2024

Alert: our proprietary Reggie model is firing hard today, having produced 16 signals on BTC so far within the last 24-hour period.

Why this is important: Reggie combines up to 7 stochastic and econometric calculations (models) in the digital asset ecosystem that are distilled into a final signal. The higher the number of signals observed within a 24-hour time window, the higher the probability of a meaningful absolute move or range in the underlying spot price of either Bitcoin or Ethereum, usually within the next two weeks. 5 signals within 24 hours are a statistically significant number, so 16 is a very strong result.

BTC Spot Price vs Reggie Signals for past 2 months – Source: InvestDEFY

How to think about exposure: MACD breaking down into this leg lower and RSI in neutral territory having moved lower into neutral territory. Current Bias favors neutral to bearish.

BTC Spot Price vs RSI - Source: InvestDEFY

BTC MACD Indicator – Source: InvestDEFY

Stay tuned: we’ll be back when we have the final number of signals from Reggie in a 24- hour period. Once we have that, we are happy to share our thoughts on how to think about expressing a view and exposure for BTC.