#nupl
nupl
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NUPL is the component still not reaching the historical bottom range — historically values below 0 have signaled periods capitulation #bitcoin
However, the indicator is very close to that range while #BTC price remains at base of last bottom formed ~$60k
NUPL is one more component of index aligned with six other indicators to signal periods of accumulation/distribution — during the recent bull market IBCI did not reach 100 and market reversed in the same way — there is nothing preventing this same behavior from occurring in current bear market.
The most important thing is to accumulate or distribute over time during these signaled periods, rather than simply waiting for an absolute value to trigger action.
#Onchain #CYCLE #NUPL $BTC
However, the indicator is very close to that range while #BTC price remains at base of last bottom formed ~$60k
NUPL is one more component of index aligned with six other indicators to signal periods of accumulation/distribution — during the recent bull market IBCI did not reach 100 and market reversed in the same way — there is nothing preventing this same behavior from occurring in current bear market.
The most important thing is to accumulate or distribute over time during these signaled periods, rather than simply waiting for an absolute value to trigger action.
#Onchain #CYCLE #NUPL $BTC
G a a h
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IBCI Monthly returns to 4.76 points — the lowest level since March
The indicator has remained in accumulation zone 🟢 for seven consecutive months
On average the indicator remains in this range for 12 months
#bitcoin #BTC #Onchain #BitcoinFell20.5%InJuneTo$58526 $BTC
The indicator has remained in accumulation zone 🟢 for seven consecutive months
On average the indicator remains in this range for 12 months
#bitcoin #BTC #Onchain #BitcoinFell20.5%InJuneTo$58526 $BTC
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