What’s DeFi, How It Is Important?
March 15, 2021$ 60,000 cracked Bitcoin on the Rise!
March 15, 2021Quantum Poodles Bringing Billions to Blockchain™How to Handle Sharp Corrections in BitcoinDollar-cost averaging or pyramiding the leading names during bull cycles can help one sit tight when bitcoin goes through its inevitable 25–40% corrections. We have had two such corrections in bitcoin so far this year. All bubbles rhyme in terms of price/volume action alone. Since the 1990s, I have studied bubbles going back hundreds of years. A few examples include the South Sea Bubble, Dutch tulipmania, the roaring 20s, the dot-com boom, and the prior crypto bubbles in bitcoin and altcoins.Predicting & Timing Market TopsBy popular demand, many have asked how I handled the major cryptocurrency market tops of 2013 and 2017? My metrics are designed to catch the major tops and bottoms in bitcoin and ethereum to within a few weeks, if not days. They have correctly called every major low and major high in bitcoin to within a few weeks or less in real-time since 2011 (backtested Jan-2011 to Jan-2013, then went live). I have mentioned a number of them in prior reports.Such metrics include factors such as:=Price performance of major leading cryptocurrencies that are not BTC nor ETH. As with stocks, tracking the price performance of crypto leaders on a fundamental and technical basis provides much insight into overall buying and selling pressures. Fundamentals include team strength/track record, disruptive potential, competitors, ability to meet milestones, the overall look of website/whitepaper, and so on. Specific data metrics such as TVL (total value locked) applies to companies in the DeFi realm.=Various technical indicators such as NUPL, Grayscale unlock BTC & ETH being added or subtracted from major exchanges, futures funding rates, on-chain flows, DXY direction, number of active addresses, hash rate, bitcoin market cap: Thermo cap ratio, Puell ratio, and NVT, among others.A History of Bitcoin Market TopsOne…
