YouTube link: https://youtu.be/atL8xi68ddg
Where will the Bitcoin price top be? How will we know?
This video is Part 2 of “When You Should Should”.
Part 1 is here: https://youtu.be/qFnsmErF0h4
I introduce the Colin Talks Crypto Bitcoin Bull Run Index (CBBI) and we cross reference different metrics with the Bitcoin price to determine where the top may be, i.e. 2 year moving average, Stock-to-Flow, Trololo trend line, NUPL chart, Google search trend for "bitcoin", previous bull run performance proportions, historical bull run peak-to-peak multiplier, etc.
No one is going to know exactly how high the bull run is going to go.
But I think it's better to have a plan than no plan at all.
We use many different charts and analysis methods to help us make the best GUESS as to where to top will be. Indicators gives us better odds of being closer to the top.
The Golden 51%-49% Ratio:
Google Trends search term for “bitcoin”:
Stock to Flow (by Plan B):
Colin Talks Crypto Bitcoin Proportion Comparison (2017 Bull Run compared with present):
2 Year Moving Average:
NUPL Chart (net unrealized profit/loss):
30%-40% bitcoin price drops are quite intimidating. When you see one happen, it's easy to think you just missed out on the top, and it can take a month or two to recover. That's a lot of time to have regrets and to be second guessing oneself. And then to see it climb again to higher highs afterward.
It's going to be difficult to see that drop, and not feel like "i just missed the bull run, and now we're in a bear market again"
Can be a truly nerve-wracking experience.
That's going to be a very difficult emotion to combat.
Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price
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