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Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has developed a ‘contrarian index’ that lets investors know how ‘miserable’ Bitcoin (BTC) holders are based on current prices,
https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-tradersWith the price of Bitcoin so volatile, and influenced by a large number of external factors, it is interesting that somebody would create a chart to measure the disenchantment many have for Bitcoin. Conventional chart analysis may work for short term speculation, but I find it difficult to use charts for any long term plans. Will a misery index provide a valid alternative view?