If there’s one thing practically every cryptocurrency holder or speculator has attempted to do, it's predict or identify the bottom of a bear market for the bitcoin price.
Given that the delta between a trough and a subsequent all-time price high can be in the range of tens to hundreds of percentage points for popular cryptocurrencies, the potential benefits of building an accurate model to identify peaks and troughs are enormous.
Until recently, most models were only able to identify either the top or the bottom of a market with reasonable accuracy. But Glassnode, a prominent on-chain analytics and research firm, recently unveiled a novel model to accurately identify both — with a 100% hit rate against backtested data.
The new model, known simply as the drilling method, leverages multiple new and existing data points to help accurately identify market extremes — providing an additional source of data for traders and speculators.
This is how it works.
The Bitcoin Price and Mayer...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...