Looking at the Anchored VWAP Indicator (Volume Weighted Average Price)
Each time using the previous cycle bottom from the last cycle. (2015 and 2018)
It could represent something significant, return to the average, meaning the bull and bear cycles are done, and the long term trend continues, unless we enter a long term perma bear trend territory ofcourse, but if nothing fundamental has changed with crypto, I don't know yet why the long term trend would reverse, fear will turn to greed eventually.
Each time using the previous cycle bottom from the last cycle. (2015 and 2018)
It could represent something significant, return to the average, meaning the bull and bear cycles are done, and the long term trend continues, unless we enter a long term perma bear trend territory ofcourse, but if nothing fundamental has changed with crypto, I don't know yet why the long term trend would reverse, fear will turn to greed eventually.
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oops sorry, the indicator isn't showing...