Tools I'll Use to Spot the Next Top

The hardest part of a Bitcoin bull is the FOMO that creeps in when the market rips higher. In this post, I explore the tools we can use to combat FOMO, and make decisions aligned with the smart money.

G’day Folks,

Since launching the Checkonchain newsletter in April, we have been trapped within a seemingly endless chopsolidation range. Throughout this process, we have explored ideas such as:

• What a ‘bearish’ Top Heavy market looks like (see Our First Top Heavy Signal).

• Key lower bound price levels in case we head lower (see Fibonacci Floors).

The one topic we have not yet explored is what happens if, and when the market decides to punch up to a new altitude, and how we can prepare for it.

When the market is green, and everyone is feeling great, it is very easy to be overwhelmed by feelings of FOMO…and that usually results in buying high.

I personally, prefer to do the opposite.

Today, I want to lay some groundwork for how we can prepare for when the next serious leg higher comes around. The idea is to introduce the key concepts I use to avoid buying Bitcoin at the exact wrong time. We will revisit these concepts as the market unfold, but this post will help to plant the initial seeds.

This post will step through a checklist of tools that I use to avoid buying Bitcoin at the wrong price, and particularly to avoid periods when the smart money are selling in size.

Let’s get into it!

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💡New Charting Suite Tutorial: We just released a Tutorial Video for the Checkonchain Charting suite. We hope you find it useful!

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