Buy BTC in The Shakeout Zone 🧵👇
1/ 5: The indicator used here is a seven day moving average of the # of bitcoin entering exchanges. Typically when large inflows happen it's a bearish indicator since bitcoin tend to flow to exchanges to be sold.
Chart: @cryptoquant_com
1/ 5: The indicator used here is a seven day moving average of the # of bitcoin entering exchanges. Typically when large inflows happen it's a bearish indicator since bitcoin tend to flow to exchanges to be sold.
Chart: @cryptoquant_com
2/5: Placing a seven day MA on this data we can view when inflows are excessive. We placed a green bar to highlight this zone we call the shakeout zone. Turns out this is a great reversal indicator. Meaning when the amount of bitcoin flowing into exchanges reaches an extreme.
3/5: As this indicator hits the shakeout zone it's historically the worst time to sell.
Which also means it's an ideal entry points for multi-month purchases. What's better is when you pair it up with the premium on Grayscale BTC Trust (GBTC).
Which also means it's an ideal entry points for multi-month purchases. What's better is when you pair it up with the premium on Grayscale BTC Trust (GBTC).
4/5: When paired up with GBTC premiums (when <5%) you can maximize your trade by using the premium as one sided leverage... Leverage to the upside.
5/5: January 30th was the last time we hit the shakeout zone, making it an ideal time. And with the average inflow still high, now is still a good entry point.
You can learn more about it here: jarvislabs.substack.com/p/price-tends-…
#Bitcoin
You can learn more about it here: jarvislabs.substack.com/p/price-tends-…
#Bitcoin
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