^The way markets work is they need to punish as many people as possible
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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?
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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.
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Replying to @TraderScarface @matt_odell
Altcoins are still way too overvalued. WTF!
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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.
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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
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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
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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.
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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
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Replying to @blufin2na @MustStopMurad and
BTC network value goes up in anticipation of price going up further, which drives down NVT to undervalued, but by then you’re late to buy. Same situation with an overvalued signal - it occurs after value (activity) dips and everyone’s already sold
1 reply 0 retweets 0 likes
check NVT signal, which is more immediate and not as laggy as NVT Raw
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