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Centerofgravity

Has Bitcoin made it to the top yet??Hi! In this analysis, I present the arguments to show what many renowned traders already claim: Bitcoin is only at the beginning of an uptrend. Why do we have a strong uptrend? In the red lines of the Bitcoin graph, we have the historical tops. Below, I configured the CGO (Center of Gravity Oscillator) with a period of 200 days, using a Fibonnaci retraction that goes from 100 to -0.382. In this indicator, we can see that we still have a lot of room to rise. Why haven't we made it to the top yet? We have a very interesting indicator developed by David Puell called "The Puell Multiple". Basically in a nutshell, it identifies when miners are taking an abrupt and very unusual profit taking. When we have a peak on this indicator above the red dotted line, we clearly have a top. In the marked rectangles we can consider a possible exit point. In the fall we had a few months ago, we can see that it didn't happen, so we still have a new top to discover.
BNC:BLXLong
by andre_007
Ethereum in clear uptrend(ℹ) Perhaps the best way to analyze the value of an asset is with Bitcoin, and not with a government-owned coin that only loses value over time... The long uptrend we're in started in January/2020. We can consider that we are in wave 4, and in this wave 4 we are in an ABC correction, where the drop was rejected, corroborating the beginning of wave 5. By plotting the Fibonacci projection, we can reach the price of 0.10 BTC per Ether at the 61% target, and 0.14 BTC at the 100% target. Pitchfork demonstrates rising bottoms and possible tops. In the Center of Gravity Oscillator configured with a 21 week period, we can see a weakening in the falling movements. Added to that, on the fundamentalist part we have the rapidly expanding DeFi ecosystem, and the crypto market as a whole that will sooner or later swallow up the traditional market, protecting us from corrupt politicians who throw money into the hands of a few bankers who pay bribe.
Long
by andre_007