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Trusted Crypto Indicator Warns of a MAJOR Bitcoin Crash On Horizon to $1,800 ?!
This does not give me any pleasure to write, but I think that while this possibility exists, we must heed the warning and at least be prepared for either of the two possibility, Pump or Dump.
So… What is this ‘Indicator’ I’m referring to?
Indicator is called ‘NVT’ or ‘Network Value to Transactions Ratio’. In simpler terms it’s used to determine Bitcoin tops in longer term trades.
When there are more investments the volume rises, however when volume starts to decrease, this indicator spots it and indicates bear possibility.
How is it calculated?
Network Value / Daily USD volume = Bitcoin NVT
What are we looking at currently?
Here we are looking at 7 years of historical Bitcoin movements and comparing it to NVT indicator. What do we see? We see that every time this indicator would turn RED (indicating top) Bitcoin would correct by anywhere from 51% — 78%
We’ve seen 2 correction back in 2013 and another one in 2014 which concluded last bear cycle. Interesting how back…
