1/5- Cycle Distribution/Accumulation Behavioral Analysis
What is the current cycle looking like 2017 or 2013's?
First, let's check out the #RealizedHODLWave charts over last two weeks. As you notice, the 1-30 day-old coins (newcomers) has dropped 4.8%.
What is the current cycle looking like 2017 or 2013's?
First, let's check out the #RealizedHODLWave charts over last two weeks. As you notice, the 1-30 day-old coins (newcomers) has dropped 4.8%.
2/5- In contrast, the supply portion of 3-24 month-old coins did grow 4% (experienced speculators). This confirms that the aggregated behavior of #LT_HODLERS has not changed in the recent correction.
3/5- A macro picture of the accumulation/distribution patterns previous cycles is shown here. As you see, similar to 2013-cycle, the attractive price hike at the beginning of the bull run has caused a fast growth in new investors-owned portion of the supply (red line double tops)
4/5-. Therefore, unlike 2017 that a gradual price uptrend/distribution, the #institutionalFOMO in current cycle has encouraged the short-term players to buy fast, and this created a chance for long-term players to take a profit in the middle of the bull market.
5/5- Last but not least, thanks to @_Checkmatey_ 's great 140-day oscillator, we can observe that we are (more likely) experiencing a mid-way change in market's sentiment, similar to 2013's cycle.
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