Discover and read the best of Twitter Threads about #2021Megabullrun
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1/ WHERE COULD BE THE TOP OF THIS BULLRUN?
Before we begin our analysis, lets understand what's happening currently.
After hitting 42K, BTC has entered a HTF triangle with a 30% drawdown. This was the first major dip of this bullrun. Right now we've broken out $BTC #Bitcoin
Before we begin our analysis, lets understand what's happening currently.
After hitting 42K, BTC has entered a HTF triangle with a 30% drawdown. This was the first major dip of this bullrun. Right now we've broken out $BTC #Bitcoin
2/ of this triangle & price is steadily rising. So whats next?
In order to understand this, we'll compare the 2021 bullrun with 2017 & 2013
1st metric for comparison is : UTXO count. UTXO counts are one of the major determiners of HODLing behavior of investors. If UTXO counts
In order to understand this, we'll compare the 2021 bullrun with 2017 & 2013
1st metric for comparison is : UTXO count. UTXO counts are one of the major determiners of HODLing behavior of investors. If UTXO counts
3/ keep rising, it usually means people are HODLing rather than spending or selling their BTC. During a bullrun, UTXOs in general would rise but we can try to break it down further to check if anything peculiar is happening in 2021 which was similar to 2013 or 2017.
$BTC #BTC
$BTC #BTC
