Hi Zeljko,
Thank you for your review of CBBI! I enjoyed watching it and I think you did a good job.
I wanted to answer a few questions that you had asked in your video:
1. You asked about the two bitcoin price peaks in 2021 ($64k and $69k) and why the CBBI score was lower for the second peak. See the answer in the first image below. As a note, this answer is from the FAQ at https://t.co/DAoxZ0TyT0: https://t.co/32gF28o98f
2. Next, you asked why I didn't include Google Trends search results. In fact, Google Trends was one of the original CBBI metrics, in the early versions. We later removed it due to issues it had with accuracy and some other problems. I tried to find my original post explaining all the logic for removing it, but I couldn't find it. I did, however, find this reference I made to the change back in 2022 (see second image): https://t.co/4wRJwU0OT3
3. Lastly, you asked why I am not using CBBI for my profit-taking plan. The answer is: I am using it. The CBBI score is already above 80. I consider this the first zone where it becomes acceptable to take profits. I feel 90-100 is best, however. Some have suggested I weight my selling based on the CBBI score and that could prove intelligent. I will consider it. (One idea could be: selling 1% BTC per week if CBBI is between 80-90, selling 2% BTC per week if CBBI is 90-95, and selling 3% BTC per week if CBBI is 95-100).
The second part of my answer to this question is that I am simultaneously keeping an eye on the economy, and since I feel crypto, as risk assets, are highly correlated to the stock market. I feel the economy is on shaky ground, so I am forcing myself to not wait too long as I feel that itself introduces increased risk of a stock market crash which could dampen the bull run. This is my speculation, based on the following short video I made, which will explain it better:
I hope this helps clear up your questions! Thanks again.
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