Bitcoin Weely NTV and Gaussian Channel signal accumulation time
The idea is pretty straight forward. Some ideas are targeted at traders and others are targeted towards investors. This idea is targeted more towards investors than traders but it can be used by both.
Bitcoin is a decentralized payment network while also being the name of the native currency of that network and the satoshi is the smallest unit of currency. Compare that with the SWIFT payment system which uses the dollar as currency with the cent as the smallest unit of currency.
Sometimes the system is cheap to use, and sometimes the system is expensive to use based on the network fees. The NVT helps us find times when the network is undervalued in some conceptual way. What do investors want to do? Buy things when they are relatively cheap and sell them when they are relatively expensive. This NVT by aamonkey helps us do that.
Likewise the weekly gaussian channel also helps us identify when something can be undervalued historically and help us with some long term planning. Perhaps you find buying underneath the red Gaussian channel to risky, because of how low prices could continue to go. Maybe wait for prices to get back inside or above, depending on your risk tolerance and how you want to manage the stress of investing or trading.
Likewise the trendlines also give you some resistance to watch for break outs. I personally have some altcoins I have been watching for a while and I like how they are looking individually and against BTCUSD. I think I will be taking my investments on them for now and they will be in the linked ideas.
But either way I see it as time to accumulate, so I will.
Bitcoin is a decentralized payment network while also being the name of the native currency of that network and the satoshi is the smallest unit of currency. Compare that with the SWIFT payment system which uses the dollar as currency with the cent as the smallest unit of currency.
Sometimes the system is cheap to use, and sometimes the system is expensive to use based on the network fees. The NVT helps us find times when the network is undervalued in some conceptual way. What do investors want to do? Buy things when they are relatively cheap and sell them when they are relatively expensive. This NVT by aamonkey helps us do that.
Likewise the weekly gaussian channel also helps us identify when something can be undervalued historically and help us with some long term planning. Perhaps you find buying underneath the red Gaussian channel to risky, because of how low prices could continue to go. Maybe wait for prices to get back inside or above, depending on your risk tolerance and how you want to manage the stress of investing or trading.
Likewise the trendlines also give you some resistance to watch for break outs. I personally have some altcoins I have been watching for a while and I like how they are looking individually and against BTCUSD. I think I will be taking my investments on them for now and they will be in the linked ideas.
But either way I see it as time to accumulate, so I will.
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