While I agree that the data is compelling. I just find it too hard to enter a long here, seems more likely to me we crash soon. Worth consideration but still too risky for me... staying in CA$H. For now at least (until 2023)!! Thanks JJ
You actually have me wondering now if we don’t see at least 20k in the short term. 12k is my ultimate buy zone but if price starts to run I may have to adjust now
Thank you for this issue. The indicator is really very interesting and facilitates decision making. I would like to try it to trade. I will wait for the new release.
Great post. Just hard to believe lows are in with all the macro folks forecasting a Q2/Q3 2023 equities recession such as macro Alf, lyn Alden etc . Any thought ?
In this lowly janitorial opinion there's never any such thing as a risk free or guaranteed trade, and all macro fears are currently warranted. But things change fast in markets (as we've learned 2020-2022 especially) which is why high correlation data is important to rely on
That said, if one were to take this trade risk management would need to be tight. Its all about managing potential downside vs potential reward
While I agree that the data is compelling. I just find it too hard to enter a long here, seems more likely to me we crash soon. Worth consideration but still too risky for me... staying in CA$H. For now at least (until 2023)!! Thanks JJ
Thanks! and funny profile picture!
And no worries, I'm just here to share information help you make informed decisions (:
And you’re the best one at it JJ
You actually have me wondering now if we don’t see at least 20k in the short term. 12k is my ultimate buy zone but if price starts to run I may have to adjust now
Thanks for the heads up!!!
Best wishes and many thanks for your great content as always. Have a wonderful Christmas Holidays everybody.
and a Merry Christmas to you as well Dom!!
Hmm, simple af strategy for starters: keep fingers still until price jumps above 21 WMA fill...
Great post, i really like this, thanks!
Thank you for the kind words good sir Pedro
Thank you for this issue. The indicator is really very interesting and facilitates decision making. I would like to try it to trade. I will wait for the new release.
If you like to perform shorter duration swing trades vs this which is more of a macro indicator, next week's article will be perfect for you
We'll also be unpacking more and more of these TARA metrics and how to use them in 2023 :D
Is it possible to make it for ETH?
work in progress!
from my understanding there are formulas that apply MVRV to ETH but they're not as high signal / low noise as BTC's
they also dont have the benefit of our twist which measures the differential
data team is looking into how we can apply it there in a functional way
Great post. Just hard to believe lows are in with all the macro folks forecasting a Q2/Q3 2023 equities recession such as macro Alf, lyn Alden etc . Any thought ?
Thanks Max!
In this lowly janitorial opinion there's never any such thing as a risk free or guaranteed trade, and all macro fears are currently warranted. But things change fast in markets (as we've learned 2020-2022 especially) which is why high correlation data is important to rely on
That said, if one were to take this trade risk management would need to be tight. Its all about managing potential downside vs potential reward