Dangerous Levels
Bitcoin Data Newsletter Premium
Hello Everyone!
Volatility has started to pick up some as in the past week, Bitcoin dropped to $60,000 and is now recovering some of those losses back to $66,000.
Our last newsletter “The First Top is Coming”, was all about finding our position in the cycle. Data like the Weekly LMACD showed we were not far from a first top:
“Our current position on the Weekly LMACD shows we are close to a topping point. At the same place in previous cycles (green line) we have been weeks away from the top at the red line.”
This is the reality for a lot of data, we are on watch.
Models like the golden ratio multiplier have already called for a cycle top:
Some people are worried that the cycle top may have already occurred. We’ll be sure to talk about this and much more in today’s newsletter.
Let’s get started!
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This Newsletter Will Cover…
Market Psychology - Support and Smart Investors
Data Analysis - Still Close
What Should You Do?