Hi, there!
I’ve analysed the previous peaks and bottoms and I’ve seen the pattern repeats.
As you can clearly see, it bottoms at 0.382 Fibonacci.
It means we’re in the middle of the correction, what would match the idea of the NVT ratio. In the previous post, I showed you that the level of the NVT ratio is really high, what means that the price is about to turn downwards because BTC is still overvalued.
This is not financial advice. Do your own research. I’m not responsible of your actions.
Have a good day ;)