Bull Market Onchain Primer
Rather than pretending I can predict the cycle top, I prefer to focus on investor behaviour, and spotting when the HODLers start selling the most coins. Then I'll check the price, and make a call.
G’day Folks,
I sat down today with the intention of preparing a market update, covering yet another daily red candle. What I found, was that absolutely nothing has changed since my last few posts, and thus it would be yet another boring, choppy assessment.
If you wanted a refresh on my views, I’d recommend a revisit of Devil’s Advocate, Not So Fast, and A Full Tank of Gas, which capture the combined picture, as I see it.
We all know the next leg of the bull market will come around eventually, else we wouldn’t be here writing, reading and watching this newsletter.
So, instead of the same tired old chopsolidation commentary, I want to switch gears completely, and start looking ahead. While everyone else is feeling miserable, and hunting for reasons why the market is down, the Checkonchain crew are going to start putting in the necessary reps to pull ahead of everyone else.
In today’s post, we’re going to go over the mission critical concepts we will need to confidently navigate the bull market. My goal is to keep cool, and data-driven head when making decisions, especially when the euphoria narrative takes over.
📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.
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