at what stage of the cycle are we?
let's look at the NVT indicator.
I calculated the price and time peak price using a mathematical calculation based on previous peaks.
What you think about it?
Sry for bad English :D
Bitcoin is in bullrun, or in bull trap? Everything would look great (except for short-term unsustainable parabolic growth), but ... these two great indicators show great trouble.
The first indicator is the Fear And Greed index. Do you know the Fear And Greed index? If not, google ...
This indicator shows greatly what emotions are in the market.
This support is not created by a classic curve that can be customized to fit the graph to fit it. It is an arc and in my opinion it must have at least 3 previous reflections for a valid signal.
I'm sorry for the bad English, I'm Czech.