Out of curiosity, where do you guys stand here? O/U $6625 on Jan 1st, 2019.
-
Show this thread
-
Replying to @matt_odell
^The way markets work is they need to punish as many people as possible
3 replies 2 retweets 23 likes -
Replying to @MustStopMurad @matt_odell
So in your opinion Goldman Sachs squeezing almost 700billion dollars out of the market from retail investors culminating in suicides, cuts to jobs across companies like coinfloor, Dead ICOs and a complete exit from the market both buyers and sellers isn't enough punishment yet?
2 replies 0 retweets 7 likes -
Yep needs more punishment. Punishment to whom exactly Murad Altcoins down 90-98%. Leave the market analysis to people who understand markets deeply ie - me.
2 replies 0 retweets 7 likes -
Replying to @TraderScarface @matt_odell
Altcoins are still way too overvalued. WTF!
1 reply 0 retweets 8 likes -
Replying to @MustStopMurad @matt_odell
Sure, Doesn't mean they are now completely correlated with the market. Bitcoin can be totally bottomed and they go the other direction to death, hopefully. The theory that the bottom isn't in because alt coins aren't dead yet is flawed. Think about it.
1 reply 0 retweets 1 like -
Replying to @TraderScarface @matt_odell
obviously that's not the only reason, just a tangential one. Most of my thinking around 1 more leg down for BTC have little to do with alts.pic.twitter.com/m3PyFetv0x
10 replies 4 retweets 48 likes -
I think your reasoning here leans heavily on assumptions & your personal opinion, and your desire to justify an active trade. Worth considering with your money and steak on the line.pic.twitter.com/31wGUEB9sb
2 replies 0 retweets 1 like -
NVT is less about network activity and more about capturing the speculative activity due to large trades settling onchain, as the data is transparent. That situation is abysmal right now.
1 reply 0 retweets 1 like -
I think NVT fails as a predictive indicator because it relies on network value, which swings wildly based on bear vs. bull market conditions. I see what NVT is trying to do, but it would work better if network value trended more naturally upward vs. way up / way down
2 replies 0 retweets 0 likes
Then you may be interested in this ratio which my partner and I have invented, which fits your description:https://blog.goodaudience.com/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee?ref=tokendaily …
-
-
Replying to @MustStopMurad @blufin2na and
Murad Mahmudov 🚀 Retweeted Awe & Wonder
Murad Mahmudov 🚀 added,
Awe & Wonder @Awe_andWonderIntroducing the#bitcoin "MVRV Z-Score" metric as a promising market timing tool. Modified from@kenoshaking &@MustStopMurad own MVRV Ratio'. Many thanks to@nic__carter &@khannib for providing the data. https://medium.com/@Awe_andWonder/introducing-the-bitcoin-mvrv-z-score-metric-that-predicts-market-tops-with-90-accuracy-89d90df043d7 …Show this thread1 reply 0 retweets 0 likes -
Will definitely check it out. Thanks Murad
0 replies 0 retweets 0 likes
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.