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.
This is not financial advice. Trade at your own risk.
Have a good day ;)
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My target around 2600 is still valid.
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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. :)
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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.
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There we go! Rollercoaster going doooownn! Woooooooo!
@Sylkme, Yes, it is. And I expect another leg down creating lower lows, as it happened in 2014. So my target around 2800 / 2600 remains intact.
kulie
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@Andbcoin the daily chart looks super bullish though , maybe its gonna pump to $9-10k before it goes back down to 3k , what u think?
dRends35
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Great post. This Woo guy seems to be well in the know. More than mere woo woo charts. I also like his ETV chart, which if correct shows we're still yet to pass into phase 2 - late bearish blog.goodaudience.com/bitcoin-network-momentum-a42346b2f0ce
Andbcoin
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@dRends35, Thanks so much for your comment and the info. That’s right! Bearish market is still in “on” mode. The bottom is not this one. One more leg down I reckon ;)
Andbcoin
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@dRends35, What I’ve realised is that the indicator is a bit laggy, so before it touches the bottom, BTC will be consolidating and starting a new cycle. ;)
WilliamGamba
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This time the 3/4 down waves have already done
Andbcoin
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@WilliamGamba, Yes, I agree. 3/4 legs done. But this one will be aggressive.
FiremedicFL
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"Liquid, Bitcoin's first sidechain, went live 10 Oct 2018, taking volume off the main chain. NVT will need recalibration."
How do you think that will factor in?
Coin_Future
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@Wallstreetcrypto, What do you mean, NVT will need recalibration? Does it mean that you disagree with the idea posted?