Last night we got an automated alert on Bitcoin. Besides the 'Buy the dip' alert we sent over the last 15 months, this is the first actual strategy trigger since early 2023. Although our strategy passed a price target for the end of the UTC day, this is only valid when the strategy is triggered by a price action modality like we had a few times at the beginning of 2023. This time, what triggered our strategy is an on-chain metrics-related modality, which was updated during the night. This data will not be revised today and therefore, the strategy will definitely close the day on a sell. Before discussing what we will do, let’s talk a bit about what on-chain metrics triggered our strategy.
Bitcoin Alert and Why It May Be Better to Ignore It
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