📊BTC Misery Index📊
📊BTC Misery Index📊
Tom Lee, Managing Partner & head of Research at Fundstrat Advosors, crypto enthusiast, & former Chief Equity Strategist for JP Morgan shares his BTC Misery Index.
The Misery Index is set on a scale of 0-100 and uses economic indicators and a variety of BTC market factors. Think of it as a way of measuring how happy or sad you are owning Bitcoin.
He shares on a Fast Money broadcast, “When the Bitcoin Misery Index is at ‘misery’ (below 27), bitcoin sees the best 12-month performance.”
Currently the “BMI” of BTC is 18.8 - the lowest since 2011.
when the misery index is low, it’s a good time for investors to acquire more BTC.
Check out the BMI chart below
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Corrections and bear markets are as normal as slow growth periods and "bull markets", where trending positive and up is normal.
Just like bull markets, bear markets comes with its unique features, advantages and disadvantages for us traders. We focus mainly on the following two actions:
Helpfull information for buying bitcoin.thank you for share
Hmm - duplicated information. You did not check it? [4 days ago]:
https://steemit.com/bitcoin/@jrcornel/wondering-if-it-s-the-right-time-to-buy-bitcoin-the-bmi-bitcoin-misery-index-says-yes
With same picture...