I mean well and everyone hates me ...
To those who attack me that I want the BTC price drop because "you did not buy earlier and now you want to buy it back at an attractive price" do you prefer fast increases to 70-90k and then the end of the bull market or slow increases with corrections but to 150-280k? We all want to make a profit, but the rapid gains are bad from an onchain data point of view.
The NUMB indicator, when reaching 59k levels, practically reached the value marking the end of the hoss 0.749 where the last stage of the bull market always started at 0.75.
Another indicator is the PI indicator which, by its intersection, heralds the end of the bull market. The closer the green and orange lines are, the more dynamic the increases are, but they also herald that the bull market is about to end. As the history shows, the orange line is a strong support for BTC and its breakthrough downwards means a period of attractive purchase prices.
Another indicator that too fast gains can end the hosse are transaction fees that recently reached $ 32, where in 2017 they were $ 54 when the bubble burst.
From the point of view of further increases, corrections or long consolidations will be beneficial for us so that the mania can go from overheating to the cool-normal level. Do not hate me for the fact that he "wants to declines", but I am concerned about the time left to the end of the bull market, and factors such as declines on the SPX or the strengthening dollar DXY affect what is happening with BTC.
The bubble can burst at any time because data is fun to analyze over time, and the stock market responds with people's behavior in real time. Therefore, let's grow but slowly ...
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The NUMB indicator, when reaching 59k levels, practically reached the value marking the end of the hoss 0.749 where the last stage of the bull market always started at 0.75.
Another indicator is the PI indicator which, by its intersection, heralds the end of the bull market. The closer the green and orange lines are, the more dynamic the increases are, but they also herald that the bull market is about to end. As the history shows, the orange line is a strong support for BTC and its breakthrough downwards means a period of attractive purchase prices.
Another indicator that too fast gains can end the hosse are transaction fees that recently reached $ 32, where in 2017 they were $ 54 when the bubble burst.
From the point of view of further increases, corrections or long consolidations will be beneficial for us so that the mania can go from overheating to the cool-normal level. Do not hate me for the fact that he "wants to declines", but I am concerned about the time left to the end of the bull market, and factors such as declines on the SPX or the strengthening dollar DXY affect what is happening with BTC.
The bubble can burst at any time because data is fun to analyze over time, and the stock market responds with people's behavior in real time. Therefore, let's grow but slowly ...
Previous:
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