Introducing 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 …
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Replying to @Awe_andWonder @kenoshaking and
Why not draw a trendline?pic.twitter.com/UvZTpqNj6C
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Replying to @BeastlyBTC @Awe_andWonder and
It's not a market price, there's no psychology of support levels acting on this indicator.
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Replying to @khannib @Awe_andWonder and
I'm not sure diagonal trendlines are always psychological. There is an element of progression of time inherent to diagonals that is ignored when using equivalent relative differences between bubbles. Maybe market maturation over time is the real underlying factor?
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Replying to @BeastlyBTC @khannib and
Supporting evidence would be the log-macd chart.pic.twitter.com/kZTUY1CgF3
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Replying to @BeastlyBTC @khannib and
You've only joined 2 points for both so they're not technically valid
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not to mention the danger in drawing linear lines on top of log graphs
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