.ki_young_ju shares on-chain trading strategy that ends up being far more profitable than $BTC holding, but there's a catch
The strategy utilizes tools that mostly determine the spending nature on the wallets of traders and investors. It also determines when the market is overbought and oversold, which can be used for forming actual entry or exit signals for those who use theAs highlighted by the analyst, the main problem is that traders are not patient enough to keep their positions open for more than six months until the cycle changes since on-chain analysis is mostly a long-term forecasting tool.
The main issue with using the on-chain data and implementing it into your trading style is subjectivity and lack of actual testing. Back when Bitcoin was at the ATH, on-chain indicators and people who use them predicted the continuation of the trend and breaking new records like $100,000 and even $300,000.The cryptocurrency community has also expressed its concerns about the usefulness of the on-chain tools that remain underdeveloped and untested.
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