BITCOIN 2013-2017 MVRV has a surprise for current PA
The Chart above is BTC PA and the Parabolic rises to ATH but in this post, we are concentrating on a few surprising possibilities with the MVRV Z Score shown in the chart below.
The Z-Score,(Green in the Chart) divides the difference between Market cap and realized market cap by the historic standard deviation of the market cap.
Historically, this has been insanely accurate at detecting bitcoin tops and bottoms:
A Z-Score above 7 means bitcoin is vastly overpriced and at a local top.
A Z-Score below 0.1 means bitcoin is underpriced and at a local bottom.
The Green "puddles" at the bottom of the Image are effectively under priced or OverSold -demand is Low and so coins lost value
The orange line at top of image is Over Priced Or Overbought. - Demand was high and so price rises until it become over priced and profit taking begins.
Notice that when BTC PA is gathering momentum, how the Z Scores rises over the MVRV Every time.
https://www.tradingview.com/x/rl3n1Y8B/
The upper Day counts are from when the Z Score left under priced and go to when they topped out above over priced, when BTC reached ATH ( orange dotted lines) and show a variation of around 200 days ay first glance.
And Now, what do we have ?
For me, the most interesting This is that double peak of the MVRV Z Score in 2013, 259 days apart from each other.
The 2 ATH's we had in 2021 were also EXACTLY 259 days apart from each other.
We have a similar "Curve" in the MVRV lines as we had between 2013 and 2017.
I have added all 3 day counts together and divided by 3 to get the average count and drew a Box to give us an area of possible ATH.
BUT if we are following that "pattern " from 2013 to 2017, it will be 777 days to the ATH, Which puts us around March 2025. And THAT has a huge amount of confluence with other charts.
Keep your eye on the Z Score to see when we are Fully heading to ATH.
And if anyone has any ideas about that day count between the 2 peaks of Z Score and the 2 ATH, please do let me know.....I am very intriged by this and consider it a little more that coincidence. Just not to sure why yet.
The Z-Score,(Green in the Chart) divides the difference between Market cap and realized market cap by the historic standard deviation of the market cap.
Historically, this has been insanely accurate at detecting bitcoin tops and bottoms:
A Z-Score above 7 means bitcoin is vastly overpriced and at a local top.
A Z-Score below 0.1 means bitcoin is underpriced and at a local bottom.
The Green "puddles" at the bottom of the Image are effectively under priced or OverSold -demand is Low and so coins lost value
The orange line at top of image is Over Priced Or Overbought. - Demand was high and so price rises until it become over priced and profit taking begins.
Notice that when BTC PA is gathering momentum, how the Z Scores rises over the MVRV Every time.
https://www.tradingview.com/x/rl3n1Y8B/
The upper Day counts are from when the Z Score left under priced and go to when they topped out above over priced, when BTC reached ATH ( orange dotted lines) and show a variation of around 200 days ay first glance.
And Now, what do we have ?
For me, the most interesting This is that double peak of the MVRV Z Score in 2013, 259 days apart from each other.
The 2 ATH's we had in 2021 were also EXACTLY 259 days apart from each other.
We have a similar "Curve" in the MVRV lines as we had between 2013 and 2017.
I have added all 3 day counts together and divided by 3 to get the average count and drew a Box to give us an area of possible ATH.
BUT if we are following that "pattern " from 2013 to 2017, it will be 777 days to the ATH, Which puts us around March 2025. And THAT has a huge amount of confluence with other charts.
Keep your eye on the Z Score to see when we are Fully heading to ATH.
And if anyone has any ideas about that day count between the 2 peaks of Z Score and the 2 ATH, please do let me know.....I am very intriged by this and consider it a little more that coincidence. Just not to sure why yet.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.