CDD (Coin Days Destroyed) Data Shows That Mini Noel Rally is Possible

#Bitcoin CDD measures the behavior of long-term investors (LTH). The CDD bars on the chart have been irregular in recent weeks but not excessively high. In addition, CDD-SMA(30/50/100).
Short-term averages are not breaking upwards. This is very important because long-term coins are not flowing into the exchange en masse. In other words, whales are not aggressively selling.

When the $BTC CDD sharply rises on the chart, the price is generally seen to be near its peak. Usually, a correction or volatility squeeze follows.

According to the chart, if #BTC CDD is calm or the price is volatile, it seems that the selling pressure is coming from short-term traders. The current situation summarizes this perfectly. This table indicates that the price is open to surprise upward movements.

🎄For the Christmas rally, LTH will not go on sale, prices will not drop while CDD will not increase, and liquidity will circulate through small investors.

It is clearly visible in the graph that the first two conditions are met. Therefore, the CDD side is not blocking the mini Christmas rally. However, this does not mean that the Christmas rally will definitely happen. It shows that it is structurally possible.

In the past, similar situations to today's CDD have experienced rises while the CDD was low. The declines, on the other hand, have remained low. This upcoming mini rise can be interpreted as a correction of the recent decline. The important point to note here is that if sudden and high CDD data comes in while the price is rising, we can conclude that this rise is a trap. Currently, there is no such signal.

⚠️ #advertisement or investment advice. The analysis is my personal opinion. It does not guarantee certainty.