love the commentary and the realism. i would be very interested to know your thoughts on the pi cycle indicator. it will inevitably trigger soon just based on the math. however it does not time up with other models at their trigger points. given the history of accuracy with this indicator would love to know how much credence you give it
Not much. I use it as a confirmation signal that we hit the peak, but that's looking back as a checkmark on my exit list. In general I take all these trading indicators with a grain of salt, though I do value the ability to confirm/reinforce my conclusions with coincidental data. It's the on-chain metrics I really pay attention to.
Thanks Mark! however I don't necessary see that BTC price is going parabolic (yet), let's take ENJin for example in March- it totally went on parabolic move and rose 6x within 2 weeks! Isn't that kind of a parabolic move which happens at the end of the cycle? For me BTC is moving upwards but not so fast at the moment. It's having those nice pull backs that slow the move and allow for shake-offs and consolidation... Am I seeing it wrong?
love the commentary and the realism. i would be very interested to know your thoughts on the pi cycle indicator. it will inevitably trigger soon just based on the math. however it does not time up with other models at their trigger points. given the history of accuracy with this indicator would love to know how much credence you give it
Not much. I use it as a confirmation signal that we hit the peak, but that's looking back as a checkmark on my exit list. In general I take all these trading indicators with a grain of salt, though I do value the ability to confirm/reinforce my conclusions with coincidental data. It's the on-chain metrics I really pay attention to.
Thanks Mark! however I don't necessary see that BTC price is going parabolic (yet), let's take ENJin for example in March- it totally went on parabolic move and rose 6x within 2 weeks! Isn't that kind of a parabolic move which happens at the end of the cycle? For me BTC is moving upwards but not so fast at the moment. It's having those nice pull backs that slow the move and allow for shake-offs and consolidation... Am I seeing it wrong?
Yes, you can draw the parabola for yourself on a price chart. This week's starting to break the parabola, we'll see what comes next.
great rundown again! other than your ebooks, what books do you recommend to learn about the crypto space?
Anything by Andreas Antonopoulos. Also listen to Bully Esquire https://blockworks.co/collection/bully-esquire/ and check out DAN Teaches Crypto linked above
Thanks for taking the time to respond! 👍