This indicator will show the peak of bitcoin price in a bull market 👀
Despite all the warnings that catching the peak of the market is a thankless task and you need to take profits in installments as the price rises, still many people dream of jumping out at the very maximum.
For them there is Delta Top indicator (https://www.lookintobitcoin.com/charts/delta-top/), which uses the difference between realized and average capitalizations in calculation and multiplies it by 7 (why by 7, because this is how the chart got to the peaks of cycles).
The idea behind Delta Top is to identify the peak of the cycle, the sell signal comes when the bitcoin price reaches the indicator line 😮
Note that already in 2017 Delta Top gave a small failure and the crossover never happened. And in 2021, the indicator showed a high at $124k at all, although bitcoin's current ATH is still $69k.
Given the past two cycles, the correct application of Delta Top would be to start taking profits as soon as the indicator crosses into the parabola stage.
Save so you don't forget 🆗
