STH-MVRV=1.18, equal to the previous high;
AVIV=1.634, above the +1sd blue line of 1.629;
Historically, if it were just a rebound within a trend, such a situation would rarely occur. Even if the price is higher, the indicators remain below the previous high.
However, the current pattern is clearly not like that; it can already be considered a breakout. As long as it is not a false breakout, the continuation of the trend will become highly probable.
But nothing is 100%, what if it is a false breakout? Personally, I would prevent this through position management and strict stop-loss measures. Additionally, it is necessary to track LTH accumulation/distribution, LTH realized profit-loss ratio, large net outflows from exchanges, and other data to comprehensively assess changes in sentiment and demand.
Note! This is not investment advice, just a sharing of personal thoughts, and it cannot guarantee the absolute correctness of the views. For rational reference only. I am only responsible for my own wallet, and so are you!
(Sorry! I am out today handling matters, so I can only update using screenshots on my phone. Please bear with me, everyone!)
Isn't it amazing...
As of today at 8 AM Beijing time:
TH-MVRV=1.16, it seems just a step away, but it hasn't been able to break through 1.18;
AVIV=1.16, it's almost running along the +1 sd blue line, just a little higher and it would break through, but it doesn't;
It's waiting for everyone to place their bets again...🤣🤣🤣
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