I think something shifted in the market -- and active investors & traders would do well to adjust their mindset.
1/ We've reached a critical inflection point in bitcoin's adoption curve.
A moment wholly unique in the history of markets.
Are you ready for what comes next? 👇
#Bitcoin

I think something shifted in the market -- and active investors & traders would do well to adjust their mindset.
If they want this asset: they'll have to hustle, compete with the masses and FOMO in above ATH's.
Against a backdrop of scarcity unlike anything they've ever seen.

Their bots will not stop buying.
There isn't enough supply for all of them, and they know it.
How much appetite will strong hands have to market sell, just to run stops?
In the opening hours of the greatest bull market of their lives.
In a liquidity crisis.
This is why I think #Bitcoin goes to $35k-$40k, before a shakeout much worse than anything we've seen so far.
I’m not saying we teleport to $40k instantly.
Just small gains, pretty much every day, for many weeks.
But this scenario would not be unprecedented:
This same thing happened in 2017, when #BTC broke previous ATHs after multiple tries.

*Don't* throw risk mgmt out the window -- because we can't know for sure if I'm right.
Buy gradually -- on small pullbacks, at the weekly TWAP, BTC's time-weighted average price.
https://t.co/DSutfD4HXP
TWAP stands for Time Weighted Average Price. It is de rigeur among institutions when accumulating an asset whilst there's an absence of OTC block sellers with whom to directly match.
— Su Zhu (@zhusu) December 4, 2020
The guarantee of fill and privacy of overall size are certainly also plus points.$BTC
I will look to two metrics:
(and neither one is funding -- funding will be useless if this scenario plays out).

I consider this the alpha metric on-chain for finding local #BTC tops.
I want to see STH-MVRV print above a 1.5, then make lowers lows.

On Gemini exchange: this metric was never wrong in 2020.
Gemini whales are #Bitcoin 's secret bellweather.
(Data from @cryptoquant_com)

More from Crypto
A primer on how to use @coingecko for your crypto data/research/trading needs.
Share it with a friend who needs it!
1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)
2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.
Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!
3/ Lets say you're looking at #Bitcoin https://t.co/g205lj03pG
At a glance you get:
- Price
- Mkt Capitalization (valuation)
- Circulating/Total supply
- 24h trading volume
- Links to websites, social media, block explorers
- Calculator
Next - check valuation?
4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.
Note: used @chainlink as example here - https://t.co/Jc46fe79Ag
While MC is important also consider product fit, narrative, team, community etc.
5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.
Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.
See: https://t.co/94XihMf5oz
Share it with a friend who needs it!
1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)

2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.
Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!

3/ Lets say you're looking at #Bitcoin https://t.co/g205lj03pG
At a glance you get:
- Price
- Mkt Capitalization (valuation)
- Circulating/Total supply
- 24h trading volume
- Links to websites, social media, block explorers
- Calculator
Next - check valuation?

4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.
Note: used @chainlink as example here - https://t.co/Jc46fe79Ag
While MC is important also consider product fit, narrative, team, community etc.

5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.
Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.
See: https://t.co/94XihMf5oz

Introducing an effortless way to add tokens to your @metamask_io wallet \U0001f4e5
— CoinGecko (@coingecko) February 8, 2021
Skip the hassle of copying/pasting contract addresses to your wallet. Add an asset and it'll appear in your wallet with just a click - tap the \U0001f98a and try it out for yourself! pic.twitter.com/u26BA29ubs