#BTC Where are we now? Currently 889 days after the halving
Yesterday I did a long/medium/short-term monitoring of #Bitcoin just for myself.
On three time scales, I look at one thing each: the long-term position, whether institutional funds have kept up on the medium-term, and whether the short-term momentum is hot.
For example, on the long-term scale:
🟡 Yellow points: cooling/low-temperature phase; it may slowly grind lower
🔴 Red points: momentum is weakening; it may be in the later stages of a bull market
The first draft seems okay—still refining it. Hope to do even better in the next bull cycle 🙃 (no more getting chopped for a third time at $300k, please 🤣)
https://btc.compoundwater.app
Yesterday I did a long/medium/short-term monitoring of #Bitcoin just for myself.
On three time scales, I look at one thing each: the long-term position, whether institutional funds have kept up on the medium-term, and whether the short-term momentum is hot.
For example, on the long-term scale:
🟡 Yellow points: cooling/low-temperature phase; it may slowly grind lower
🔴 Red points: momentum is weakening; it may be in the later stages of a bull market
The first draft seems okay—still refining it. Hope to do even better in the next bull cycle 🙃 (no more getting chopped for a third time at $300k, please 🤣)
https://btc.compoundwater.app
