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Bitcoin Cyclical Buy/Sell Signal Revealed: Insights from CryptoQuant CEO Ki Young Ju

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(07:38 AM UTC)
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In a recent update from COINOTAG News on November 8th, Ki Young Ju, CEO of CryptoQuant, highlighted a significant development regarding Bitcoin trading strategies. He revealed the emergence of a cyclical buy/sell signal derived from an innovative combination of on-chain indicators. This approach has seen only 1-2 signals activate per cycle, emphasizing the method’s precision.

The on-chain realized price serves as a crucial metric to assess a wallet’s profitability, showcasing the current state of Bitcoin wallets at an impressive +127% return. Historically, this value fluctuates, averaging around -24% during cycle lows and reaching 298% at cycle highs. Such information proves invaluable for traders, especially those with long-term strategies, who can now establish predefined alerts to navigate these cyclical conditions effectively.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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    Bitcoin Cyclical Buy/Sell Signal Revealed: Insights from CryptoQuant CEO Ki Young Ju - COINOTAG