$BTC: This is what gazing into the abyss looks like.
Whichever breaks first...pic.twitter.com/MbSva6ALG3
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Sorry, any chance you can elaborate what the second graph shows exactly?
Apologies. Didn't get the first question. That's the NVT signal, which is responsive to trend line breaks that signal the start of capitulation phases, especially when the indicator drops from above the dotted threshold line.
This line in particular begins on the Feb. 6 low, the beginning of a series of dead cats in the BTC price. My thesis is that the same unsustainable overvaluation that developed diagonally in the NVT signal coincides with the horizonatal support area in price on the first chart.
oh its the NVT trendline. Got it
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