@stewbits22 13 July 2021 more from that month

My new favourite long term indicator for predicting tops and bottoms in bull and bear markets is the RHODL indicator. It has been accurate to within one week of calling the top of each past bull run and did not indicate a market top in 2013 which was a temprorary high just like we have now. If you look at the chart below you will see we are in the same territory as 2013. The indicator works by comparing the market value of longer held coins (1-2 years) when they were actually moved to the market value of coins that were moved within 7 days. When young coins value is much higher than the 'hodlers' coins the chart shows this is typically in over bought territory and vice versa. https://positivecrypto.medium.com/bitcoin-realized-hodl-ratio-9023db15a559