The biggest mistake new & old crypto investors make:

Not Taking any Profits During A Bull Market

Here's a foolproof strategy for capturing profits in a bull run.
👇

First, Make sure to bookmark 🔖 this thread!

I know how painful this is, as I didn't take any profits in the 2017 bull run.

This strategy will give you the best chance of becoming incredibly wealthy in the next bull run.

 As well as being able to keep those profits.

Let me introduce the MVRV Market Top Indicator (Market Value to Realized Value).

MVRV compares a cryptocurrency's market value to its realized value.

The result will tell you if it's overvalued or undervalued

MVRV Top & Bottom Indicator

In the Bullrun, when the MVRV is > 3 ➡️  Great time to take profits.

In the Bear market, when the MVRV is < 1 ➡️  Great time to accumulate.

https://checkonchain.com/btconchain/pricing/pricing_mvrv/pricing_mvrv_light.html

The following chart can show you where we are in the cycle.

Track periods when short-term holders hold extreme unrealized profit/loss

Current value: 1.42
Peak 2021 bullrun: 2.49

https://checkonchain.com/btconchain/pricing/pricing_sthmvrvindicator/pricing_sthmvrvindicator_light.html

Bullish Scenario

How do we use this to our advantage?

➡️If the price decreases while STH MVRV increases, it indicates a bullish divergence.

➡️This suggests that the price will soon break out and bottom out.

Bookmark this thread so you don't forget!

Bearish Scenario

You should pay attention to the STH MVRV chart.

→ When the price of $BTC reaches higher highs while the STH MVRV reaches higher lows

→ it indicates bearish divergence and that the price is nearing the cycle top.

Sell a portion of your portfolio

Let's say you want to use this strategy in the bullrun but you don't want to sell $BTC or other crypto?

You can hedge your portfolio by shorting $BTC with put options.

Put options have no liquidation risk. (you're betting on volatility)

Here's an excellent primer on how to get started with options by @hansolar21

https://twitter.com/hansolar21/status/1596042921438216192

What is the hardest part of this strategy?

Patience and Emotions

Do not be tricked by your emotions and noise while you wait for a top or bottom pattern to form.

Following these steps will make you better than 90% of retail investors.

Last but not least:

Here are a few tips so you make the most of the next rally:

- You don't need to time the top or buy the bottom perfectly
- Don't trade with leverage.
- Make sure you make an exit strategy.

Bonus:

The best place to find the MVRV data for altcoins is  @cherrypick_xyz

https://app.cherry-pick.xyz/token-tracker/over-under-valued

Enjoyed this thread?

Want reliable crypto picks? I save you 40+ hours. See what top funds are buying.

Get the 10min breakdown every Friday for free 👇
https://onchainedge.beehiiv.com/subscribe

Capture Profits in a Bull Market

I know how painful this is, as I didn't take any profits in the 2017 bull run.

This strategy will give you the best chance of becoming incredibly wealthy in the next bull run.

 As well as being able to keep those profits.

Let me introduce the MVRV Market Top Indicator (Market Value to Realized Value).

The MVRV ratio compares a cryptocurrency's market value to its realized value to determine whether it is overvalued or undervalued.

The following chart can show you where we are in the cycle.

Track periods when short-term holders hold extreme unrealized profit/loss with the MVRV indicator.

https://checkonchain.com/btconchain/pricing/pricing_sthmvrvindicator/pricing_sthmvrvindicator_light.html

STH MVRV: Bullish Scenario

How do we use this to our advantage?

➡️If the price is decreasing while STH MVRV is increasing, it indicates a bullish divergence.

➡️This suggests that the price will soon break out and bottom out.

Bookmark this thread so you don't forget!

STH MVRV: Bearish Scenario

You should pay attention to the STH MVRV chart.

→ When the price of $BTC reaches higher highs while the STH MVRV reaches higher lows

→ it indicates bearish divergence and that the price is nearing the cycle top.

Sell a portion of your portfolio

Let's say you want to use this strategy in the bullrun but you don't want to sell $BTC or other crypto?

You can hedge your portfolio by shorting $BTC with put options.

Put options have no liquidation risk.

This strategy is super powerful when combined with the VMC Indicator on tradingview.

It's an underrated indicator that not many people know about.
https://onchainedge.beehiiv.com/p/discover-crypto-indicator-thats-outperforming-1500-tools

Thanks for reading till the end. Unfortunately, only 5% of readers will implement these strategies.

However, those who do will achieve success.

If you enjoyed this thread, you'll love my other thread on my favorite charting websites.  ❤️ & retweet. Was a lot of work. :)
👇

https://twitter.com/onchain_edge/status/1711245108992151813

You can read the unrolled version of this thread here: https://typefully.com/onchain_edge/5siiSRm

I spent 112 hours learning how to backtest onchain Metrics

with Chat GPT-4 and @glassnode syntax

Let me show you how in 5 minutes
👇

I have spent quite a lot of time optimizing the @glassnode formula wizard to respond with the glassnode syntax.

This can help you with the following:

▶️  Glassnode formula writing and backtesting
▶️ Glassnode formula troubleshooting
▶️ Learning glassnode syntax

The 'GlassGenius: Formula Wizard' is open source for anyone to use.

You can find the prompt for free here: (updated prompt)

https://oceandeck.notion.site/GlassGenius-Formula-Wizard-da5bb8f8bc0c4c729554e40831003d76

You can request help from GlassGenius to explain any unfamiliar glassnode formula or syntax.

The Formula Wizard provides examples and use cases to clarify the syntax.  #glassnode

Hopefully, @glassnode adds a glassnode plugin to Chat GPT-4 soon. It would be an extremely useful way to query onchain metrics.

I will share many more tips and tricks on using Chat GPT-4 to improve your crypto research.

So stay tuned.

I'm tagging these glassnode wizards as they might find it useful:

@glassnode
@n3ocortex
@_Checkmatey_
@100trillionUSD
@ARKInvest
@dpuellARK

Make sure you give them a follow as their insights are invaluable.

If you found this post enjoyable, then you will most likely find my newsletter interesting as well.

https://onchainedge.beehiiv.com/p/top-4-onchain-indicators-anyone-can-use-predict-market-tops-bottoms

Mastering Glassnode Metrics with Chat GPT-4

#Bitcoin long & short liquidations! 🔥

Who do you think gets liquidated first?

#BTC inflow mean went above 15.0 in the last hour.

The current value is 19.3 $BTC

This means the "average" amount of $BTC per transaction flowing into exchanges was > 18

There have been two inflow mean alerts recently.

Not sure what this means? I explained here:
🔽

Read this

Remember these alerts are not a guarantee that the price will drop.

Just a high probability

https://twitter.com/onchain_edge/status/1584888762214993920

Here are the inflow mean alerts of the last two months with the % drop afterward.

Sometimes the price of $BTC goes to the closes resistance first.

Be careful holding low liquidity alts.

I'll be moving a lot of my content to my Newsletter

signup if you don't want to miss stuff

https://onchainedge.beehiiv.com/subscribe


BTC Inflow Mean and Price Analysis

Here's what you need to know about the market

$BTC $ETH

🔽

You can read the full version here:

https://onchainedge.beehiiv.com/p/crypto-market-dips-key-updates-morning-edge-22082023new-post

Global crypto market trends bearish, declining below the $953B support level


BTC currently positions below $26k. It's recommended not to allow a close below $24.5k.

ETH must hold above $1650 to prevent a drop into the Golden Pocket 1 zone between $1450 and $1500.

 The US Dollar Index (DXY) is trending bullish, indicating potential bearish implications for cryptocurrencies and stocks.

For the first time since April 23, there was an ETH/BTC sell wall on Bitfinex, established between 0.0645 and 0.0655. Historically, the ETH/BTC pair on Bitfinex has exhibited intriguing patterns. If the current trend in Bitfinex's ETH/BTC is accurate. Source: (gala)


In the news: Binance Futures launches copy trading

Mantle deposits 40,000 ETH into Lido.

Paradigm secures investment in Friend Tech

Ethereum announces the upcoming 'Holesky' testnet.

subscribe to the Morning Edge Newsletter

if you want to get the email before everyone else on Twitter

there will also be rewards for people referring the newsletter 👀

https://onchainedge.beehiiv.com/subscribe

Thanks a lot to awesome people for helping me with the content:

@Noah_nftn
@ZeroHedge_
@_FabianHD
@oesnetwork
@OnchainDataNerd
@SahilBloom

Crypto Market Dips: Key Updates and Morning Edge

$BTC dropped to $24.8k last week.

Here are the levels $BTC & $ETH levels I'm watching.

🔽 #CryptoCrash #btc

You know what to do if you want to get the info earlier.

Here's the full post:

➡️ https://onchainedge.beehiiv.com/p/morning-edge-18082023-altcoin-bloodbath


2/ Since early June, I've had my eyes on the BTC accumulation range 1.

It finally fell right into it.

Pro tip: Set buy orders in these zones to nab those wicks. 👀 #BTC

3/ ETH's dip wasn't as drastic as expected.

If you're considering buying, target the range between $1450 and $1500.

Perfect spot to catch those liquidations.

I've also bought two new altcoins that I believe have some good growth potential.

First is a perp platform on arbitrum, and the second is a LSD project on ethereum.

both coins are mentioned in the newsletter version.

Wallet Watch 🕵️‍♂️: This week's spotlight is on wallet 0×1d_f241 with a staggering PnL of over $580k and a solid 57% win rate.

wallet address shared in the morning Edge newsletter.

Hunting for reliable crypto alerts? Kirbs Crypto on Telegram is where it's at!

Consistent, timely, and always accurate.
https://t.me/kirbycrypto?utm_source=onchainedge.beehiiv.com&utm_medium=referral&utm_campaign=morning-edge-18-08-2023-altcoin-bloodbath

Remember, the market's volatility is back in full swing. Stay vigilant and prioritize long-term gains.

Alts that bounce back quickly post a dip? Those are the coins to watch


https://onchainedge.beehiiv.com/

Crypto Update: BTC and ETH Levels to Watch

I'm hoping $BTC dumps before the month is over.

Believe me; it's better if June is a red month for $BTC

This is why
🔽

Let's look at the historical price performance of #bitcoin.

In July, over the last 10 years.

🔴 7 red months in July
🟢 3 green months in July

That means there's a 70% chance of July being green.

But wait, there's more...


What about if we compare June and July?

8 out of 10 months, there was an inverse trend continuation in July

If June was red, then July was green
If June was green, then July was red

80% chance of an inverse trend continuation.

Last but not least

Keep your long-term $BTC strategy at the back of your mind.

https://twitter.com/onchain_edge/status/1645071244939911170

The Potential for BTC Price Movement in June and July

Did you know one #PEPE wallet made a staggering 1,099.9% profit?

Discover the top PEPE trader's wallets & track their next moves!
🔽

This wallet 0x5fe _09c

 It turned $ 235,773 into a mind-blowing $2,593,244!

Their ROI? 1,099.9%!

https://debank.com/profile/0x5fe56c158f1c3181fca31bb5accf9e2b2562509c

Let's dive into another top wallet: 0x09d_8f7

This wallet saw an incredible 252.05% increase, turning 1,156,369 into $2,914,582!

https://debank.com/profile/0x09d4083ffd20d21acb9118465ad7c52ac8b548f7.

This wallet 0x45_33c made an unbelievable 567.84% profit!

Starting with 723,678, it grew to a whopping $3,589,638!🔥

https://debank.com/profile/0x45cf108e79374ad324904c22847569609f48e33c

This wallet at the top:   0x83_b42

Their initial 1,137,202 skyrocketed to $2,426,380 with a 213.36% profit!

https://debank.com/profile/0x8319ef53245d8fffe01ae8fb4ad0a22016bdbb42.


Wallet 0xafe_9fe7:

Turned 949,493 into a staggering $2,351,575 with a 247.67% profit!
https://debank.com/profile/0xafe7d343d79abbf50c9501d07c35b10afc4b9fe7 #PEPEMasterTraders

10/ IWallet 0x615_2a87

Achieved an astounding 1,098.9% ROI by converting 236,623 into $2,455,156! https://debank.com/profile/0x615e8d21aab8572d633a61a243639a4d26262a87 #PEPEFortune

11/ Wallet 0xc32_9fe9:

With a remarkable 178.34% increase, they turned 1,668,627 into $2,149,179! https://debank.com/profile/0xc32ad590d92db58931dcedd99e10d077530ccaa9 #PEPETradeRoyalty

12/ Wallet 0xd05_0b6:

2,705,936 into $2,587,592 with an impressive 95.63% profit! https://debank.com/profile/0xd05b9d5584491645ae09310fb9273a4a7a6170b6 #PEPESuccessStories

Do you want to know what they are buying next?

You can track these wallets for free with @CieloFinance.

This thread is not sponsored. I'm sharing because I like the tool!


The Top PEPE Traders and Their Profits

Backtesting Onchain Metrics in 5 Minutes? Absolutely.

See How @Glassnode,  and GlassGenius Chat GPT-4 prompt can speed up your backtesting workflow

I'm sharing the prompt with you for free

👇 #btc #eth #onchain #chatgpt

I have spent quite a lot of time optimizing the @glassnode formula wizard to respond with the glassnode syntax.

This can help you with the following:

▶️  Glassnode formula writing and backtesting
▶️ Glassnode formula troubleshooting
▶️ Learning glassnode syntax

#glassnode

You can ask GlassGenius to explain a glassnode formula or syntax you do not understand.

The Formula Wizard will help understand the syntax by providing examples and use cases.  #glassnode

The 'GlassGenius: Formula Wizard' is open source for anyone to use.

You can find the prompt for free here:

https://oceandeck.notion.site/GlassGenius-Formula-Wizard-da5bb8f8bc0c4c729554e40831003d76
