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1/ I expect this $BTC bull market to end in the most extraordinary epic bubble our generation has ever seen.
But how will you know when to sell?
MVRV z-score is one of the indicators I'll use as a sell signal.
But how will you know when to sell?
MVRV z-score is one of the indicators I'll use as a sell signal.
2/ MVRV was invented by badass analysts @MustStopMurad & @kenoshaking, and refined by the beloved now-retired CT account Awe and Wonder.
It's a derivative of Realized Cap, created by @nic__carter & @khannib.
It's a derivative of Realized Cap, created by @nic__carter & @khannib.
3/ Selling the top of a historic parabolic advance will be an art and a science...and it will be gut-wrenching.
We'll have to stay rational, while everyone around us is in euphoria.
I will NOT use MVRV in isolation, and I won't sell all my $BTC all at once.
We'll have to stay rational, while everyone around us is in euphoria.
I will NOT use MVRV in isolation, and I won't sell all my $BTC all at once.
4/ But I will be prepared with a structured system, to optimize for the most important profit-taking event of my lifetime. Will you?
The top may feel like the distant future, but at some point you'll have to prepare for it.
The top may feel like the distant future, but at some point you'll have to prepare for it.
5/ Did you know when to sell in 2017? Most who read this did not.
If that includes you, then you might want to ride this train.
MVRV: http://charts.woobull.com/bitcoin-mvrv-ratio/
Gratitude to @woonomic for hosting this treasure...and for everything else you do.
If that includes you, then you might want to ride this train.
MVRV: http://charts.woobull.com/bitcoin-mvrv-ratio/
Gratitude to @woonomic for hosting this treasure...and for everything else you do.
6/ Follow up: I regret using the word 'bubble' in this thread -- confusing choice of words.
All four BTC bull runs crashed ~80% afterwards -- all were massive *local* bubbles.
Big picture, BTC is not a bubble in any way, IMHO. It's the future.
All four BTC bull runs crashed ~80% afterwards -- all were massive *local* bubbles.
Big picture, BTC is not a bubble in any way, IMHO. It's the future.
One week later: MVRV z-score was taken down from the site I linked to. Not sure why. Disappointing.
I know another site that has it, but they're still in private beta. I'll add the link to this thread as soon as they launch.
I know another site that has it, but they're still in private beta. I'll add the link to this thread as soon as they launch.
And here it is:
https://www.lookintobitcoin.com/charts/mvrv-zscore/
https://www.lookintobitcoin.com/charts/mvrv-zscore/
