 | Few of you probably already heard about this indicator that uses a standard deviation test (Z-score), that pinpoints extremes between Bitcoin's market value and realized value. When MVRV Z-Score is at extremes, it can help us increase our chances to "time the market" when Bitcoin or entire crypto markets are either undervalued (to invest) OR at potential top of the cycle - to act as another confirmation that cycle might hit the top and it's time to exit and take profits. Let's look at the chart to see how this indicator performed throughout the previous Bitcoin cycles. When Z-Score hit 7+ (red area on chart), this usually predicted top of the crypto cycle (good time to exit and take profits). When Z-Score went to 0 or even negative (green area on chart), this usually predicted bottom of the cycle (good time to enter Bitcoin or crypto markets). Current Z-Score is around 2 which indicates higher probability for price of Bitcoin and crypto markets to go up during current cycle (nothing is 100% sure of course). If you want more info or share your feedback on using this indicator, just leave a comment and let's start a discussion. [link] [comments] |
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