whale_2019Member
Posts: 27 · Reputation: 187
#1Aug 7, 2017, 08:14 AM
I came across some info on another thread about Bitcoin that I wanted to share.
So, the MVRV-Z score is a tool that shows how overvalued or undervalued Bitcoin is against its realized value. When BTC was at $61K, the score was around 0.25. I'm considering waiting for it to dip into negative territory before I make a move.
Is anyone else keeping an eye on this metric to catch potential lows?
It's true that we haven't reached negative numbers yet. But it’s also worth mentioning that during the last bull run, we didn’t really hit overvalued levels on this chart at all.
If we're seeing lower highs on the monthly RSI, Sharpe, and MVR-Z score charts, I feel like we should start seeing higher lows soon. If that doesn't happen, then something's off, and that could mean our returns might drop way too fast.