Marc De Mesel: HODL: Crypto Likely Tops Around 7T In Only 3 Months
With Trololo Trendline / Fair Value #Crypto Market Cap currently at 600B, and actual price at 2.2T, we are around 400% vs trendline that stands at 100%. Top likely around 800% / 7T but locking in profits starting at 600% / 5T likely the right move.
Since parabolic growth curve so typical to asset bubbles means doubling takes less and less time, we likely go from 2T to 4T in not 3 months but maybe 2 months and do the last doubling in just 1 month, giving us the top already in just 3 months from here.
#Bitcoin BCH still has lots of catching up to do to reach it's Trololo Trendline / Fair Value that still stands 10x higher around 120B / 5k BCH, and would go to 1T or 50k per BCH if it goes also 800% vs it's trendline, not a probable scenario but certainly a possible scenario given the law of reversion to the mean, the higher it undershoots the mean, the higher it will overshoot too. I can only warn not to lock in profits too soon. Market already excited and we are not even at $1000, most will cash out strong before $10k, likely to see it go up to $30k but sell little there due to selling too much too soon and greed and FOMO overtaking them.
My portfolio now 70% exposed to crypto, will likely go over 95% exposure before we reach red trigger zone at 600% vs trendline / 5T CMC / 15k $BCH / 5k $ETH, where I plan to start sell strong. while most are frozen by Greed & FOMO. Until then, hodling like a MOFO
Links:
https://noise.cash/u/MarcDeMesel
Crypto Market Cap vs Trololo Trendline / Fair Value / Log Regression
https://docs.google.com/spreadsheets/d/1ujXSmxad9WrNpkPhuJv_kcNvy6TtVMNTQZQt3lwYeA0/edit#gid=935586956
NEW: Bitcoin BCH Market Cap vs Trololo Trendline / Fair Value / Log Regression
https://docs.google.com/spreadsheets/d/1VoJtLe5QG_HNv3l5SBgfr7pjbLosJrbXrmyZIZ37Lxw/edit?usp=sharing
Additional Info
- Read full article on: Marc De Mesel
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.