The MVRV indicator is the only one that has consistently succeeded in identifying market tops and bottoms throughout all cryptocurrency market cycles.
This indicator is a crucial tool for determining when to begin exiting the market and avoiding being stuck in a prolonged bear market phase.
We typically reach market peaks when the MVRV indicator exceeds a value of 3 to 4.
To ensure a safe exit from the market, it is advised to start selling gradually as the MVRV value reaches 3.
Currently, the indicator stands at 2.4, suggesting there is still potential for price increases until we reach the target value. At this point, we can begin selling using a Dollar-Cost Averaging (DCA) strategy.
It is crucial to monitor this value consistently to make well-informed decisions.
Written by Tarekonchain