Bitcoin weekly close divided by the 400 week SMA (close).
Incredibly precise linearity with the last two market cycle tops.
Of note is this metric's capture of a single maxima last cycle and a similar peak happening currently.
This might not be a market cycle top, but caution is called for here.
Incredibly precise linearity with the last two market cycle tops.
Of note is this metric's capture of a single maxima last cycle and a similar peak happening currently.
This might not be a market cycle top, but caution is called for here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.