How to Call the Top of Bitcoin in 2024:
And why you should NOT be selling now.
It’s not a secret.
But most big whales don’t want you to know about this.
But if you haven’t heard of it,
It’s by using ‘on-chain analytics’.
The tool?
$BTC Unrealized Net Profit/Loss (NUPL) chart.
It’s simple.
Go to lookintobitcoin.com.
This chart helps you identify when Bitcoin is overbought or oversold.
Does this by measuring holders profitability.
(The blue line)
It’s worked PERFECTLY to call the bottom at $16k.
Look at the chart below.
Every time NUPL hits Capitulation,
It has called the bottom.
CAPITULATION = BUY.
Now, here’s the REAL secret:
When NUPL reaches the "Euphoria" zone, it's a strong signal to take profits.
Why?
This indicates that the market is overly optimistic and a correction is likely.
EUPHORIA = TAKE PROFITS.
We have not reached that level yet.
So be patient and make sure you are following me@BitEagle News 👈
