Bitcoin Approaching A KEY Support Level... Will It Bounce Or Break?
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- Опубликовано: 27 сен 2024
- In this video, Joe walks through why bitcoin did not break above the low-$70,000 range despite having the setup for it. He talks about what's next for bitcoin as it approaches a key support level called Short-Term Holder Realized Price (STHRP). STHRP has served both as a floor for bitcoin to bounce off of during prior bull runs, but also as confirmation of a downtrend if bitcoin makes a sustained moved below it. You won't want to miss this episode.
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Great analysis, Joe. You and Nik have been firing on all cylinders on TBL!
One request: can you guys hire an intern to purge the spam in comments please. There is too much of it.
RUclips needs to clean up its act.
Thanks for the analysis.
Please help me understand the definition and calculation of the STHRP. Breaking this down:
What’s the definition of the STH? What’s the definition of RP?
What’s the meaning of the term “realized” in this definition?
How does a data scientist identify which addresses and/or coins are included in the calculation of STH coin value and or total address value?
Once those coins/addresses are identified as included in the time series, how is the coin/address realized price determined across all identified STH addresses?
Is the STHRP a moving average over time? If so is it simple linear or exponential?
A math formula would be helpful.
Thanks.
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Never trust anyone who draws line on charts and then says stuff.
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you retarded or sum?
Just like the last video talking about the 80k breakout this analysis makes me even more uncomfortable lol
I'm really grateful for all the wisdom and knowledge I've gotten for the past few months.
I don’t think I’ve ever heard a more thorough technical analysis!! Great content … great explanation!!