Analyst_YuShiuanChen
Based on Sentiment Analysis, aSOPR and Exchange Reserve, we are still in the Buy-Zone (First stage)
Although the BTCÐ price had fallen rapidly more than 5% in the past hours, based on Sentiment Analysis, aSOPR and Exchange Reserve, we are still in the Buy-Zone (First stage). Fear & Greed Index indicate that retail investors are "extreme fear" more than two months (Pic. 1). According to the aSOPR, BTCÐ price may not have reached the real bottom yet, but we are in the Buy-Zone, it is a good opportunity to build long-term positions (Pic. 2). On the other hand, Exchange Reserve (BTCÐ) also continued to decline over the past three months. Changes of BTC Exchange Reserve: -101,139 BTC during 3/13-6/7 (Pic. 3). Changes of ETH Exchange Reserve: -1,112,503 ETH during 3/13-6/7 (Pic. 4). For a long-term, it would be a good time to build the position in the recent (buy in batches). Good luck and Enjoy the market! ---------------------- PS: Welcome to follow my twitter (new) to get the latest analysis :D Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)