Can we extract trading ideas from HODL Waves?

in H4LAB Research • last year (edited)

1000005693.jpg

Source: lookintobitcoin

Bitcoin(BTC) long-term holders who hold more than 1 year have been increasing, which means BTC has been acknowledged an asset for hedging the inflation by investors.

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On the other hand, short-term holders who hold less than 1 year have been decreasing. There are 3 up and down cycles. When were the tops in each cycle? It's the moment when the ratio of short-term holders increased. On this on-chain eata, it doesn't have a clear indicatir of representing bottoms.

Anyways, it seems like we are in the bottom this cycle. It's the time when the patience is needed for long-term investors.

#bitcoin #btc #holders #hodl
last year in H4LAB Research by
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     last year 

    Upvoted! Thank you for supporting witness @jswit.

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       last year 

      Yeah, you said it all; HODL and if you think you can float some fiat around, DCA more on your fav tokens on your exchange and get them onto your non-custodial wallet then wait for the bulls

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         last year 

        Your post has been rewarded by the Seven Team.

        Support partner witnesses

        @seven.wit
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        @xpilar.witness

        We are the hope!

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           last year 

          What a nice time to be on steem and to be involved in the movement of cryptocurrency

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