$BTC $BTCUSD #BTC

🅼🅴🅶 Thread on several Models / indicators / On Chain Analysis

Part 2

Update at $BTC=9300, July 2020, massive multi months consolidation

Is $BTC a BUY ? https://twitter.com/Yodaskk/status/1239928982784610305

1st, this thread got the low of the doom drop, and while I personally was afraid to buy, a lot of those models/ indicators/ On Chain Analysis were Strong buys.

So what do they tell us now during one of the least volatile period in $btc history ?

Balanced price @ 4300, got the low.

CVDD @ 4500, got the low

NTVS out of the buy zone, 'could' signal a top

RVT ratio still in the low end, 'could' signal that $btc still in accumulation

Mayer multiple is position compare to 200daily MA. basically, above = bull market, below = bear market
$btc is consolidating 'above' for now

MVRV Z-Score made a higher low and leaving the buy zone. 2 other times, it was the beginning of the bull market

Puell Multiple still in the buy zone

HODL Wave data groups bitcoin by age since it was last moved from one wallet to another.

1+ HODL at ATH ! Never in $btc history has been so many coins not moved
This. is. omega. bullish !

S2f to the moon and beyond

No major inflows into exchange since 10.4k top

Fakeout on the BTC log growth curves ?

"Reserve Risk allows us to visualise the confidence amongst long term bitcoin holders relative to the price of Bitcoin at a given moment in time.

When confidence is high and price is low then there is an attractive risk/reward to invest in Bitcoin at that time (green zone)"

This cycle looks like it starting 'exactly' like the 2 others.

plz ?

BEAM out of the buyzone, but looks like early in the cycle

Mayer Multiple Bands, consolidating on the bullish band, which was how both past bull markets started

$btc on track with past cycles

Another Buy signal on the Hash ribbons (in 2016, The buy Signal after the halving was the last one of the cycle)

Most of those models/ indicators seems to indicate that $btc is either still in the buyzone, or early on a new bull cycle.