Hello to everyone. I want to show you something interesting. I want to warn Moon boys about what it’s about to come.
NVT tends to go up as price goes up. But when it goes too high, it needs to go down to start the cycle again. The fact is that when it goes down, price does as well, and it’s at a really high level at the moment. I’d learn to short to take profit of what is about to come.
Here you have a page explaining it. You’ll see where is NVT compared to 2014.
charts.woobull.com/bitcoin-nvt-ratio/
This is not financial advice. Trade at your own risk.
Have a good day ;)
NVT tends to go up as price goes up. But when it goes too high, it needs to go down to start the cycle again. The fact is that when it goes down, price does as well, and it’s at a really high level at the moment. I’d learn to short to take profit of what is about to come.
Here you have a page explaining it. You’ll see where is NVT compared to 2014.
charts.woobull.com/bitcoin-nvt-ratio/
This is not financial advice. Trade at your own risk.
Have a good day ;)
Comment:
My target around 2600 is still valid.
Comment:
I’ve just realised this NVT that appears in the description is a coin. That’s why a percentage appears next to it. NVT ratio is not a coin, so you should check the link I’ve pasted to see how overvalued BTC is.
Sorry for the confusion. :)
Sorry for the confusion. :)
Comment:
Hi, there again! :)
I want to make clear that even NVT is really high it doesn’t mean some pumps like this one can occur. It means the correction hasn’t ended and so, lower lows are expected.
I want to make clear that even NVT is really high it doesn’t mean some pumps like this one can occur. It means the correction hasn’t ended and so, lower lows are expected.
Comment:
There we go! Rollercoaster going doooownn! Woooooooo!