Hello Everyone!
In this week’s video, I’ll be talking about two of my posts from X on the Golden Ratio Multiplier and The MVRV-Z Score.
I’ll also be taking a look at the lastest ETF data as that has become a hot topic!
It is important to me to remain logical, when our space has become completely over-zealous.
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Quick Summary
As Bitcoin hits ATH prices, it is apparent that the crypto space’s heads are in the clouds, filled with greed. This makes it ever more important to maintain a logical perspective
I am not calling for any sort of topping point, even though it is possible, because I am remaining open to the idea that ETFs are creating addtional buying pressure that veers us from normal cycle timing
ETF data shows that Friday was net negative for outflows at about 39 million.
Excluding our normal selling pressure from GBTC and buying from IBIT, it seems that a few other ETFs were the cause of the negative inflows like ARKB and BTCO
Whether or not ETFs continue to impact price remains to be seen, but especially in the event of new ATHs being made soon it seems that is likely
I am waiting for new ATHs before I start to make inferences about when the cycle top will arrive. I think that is a pivotal moment where we can base firm ideas from
We are nearing the cycle top band of the Golden Ratio Multiplier. While I don’t think it will mark a cycle top, because of lack of other evidence, I do think it is interesting to share because of its accuracy
All mid-tops have also come at the same cycle top layer priced at 67,500. This is not a call for the mid-top, but an observation of prior points
Mid-top data has proved to be very un-unanimous this cycle, while typically it all lines up near perfectly
I do not suggest selling or trading any mid-cycle points. The only reason I talk about the mid-top is to discuss cycle timing and prepare for potential buying opportunities for those who need them
The MVRV-Z has finally reached the mid-top red zone. This, the golden ratio multiplier, and a few other indicators that have now fired are the last to call for a mid-top
I am preparing myself for whatever comes next and remaining open to all short-term possibilities while I wait to come to larger conclusions about cycle timing
