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RE: Alexa.com - Possible Indicator that the Crypto Bubble is at an End?
I would agree, the above analysis does not account for seasonal variations.
I would agree, the above analysis does not account for seasonal variations.
I don't believe seasonal variations have much impact on this. Aside from the fact that it is a ranking system and most websites are affected by the same seasons (with a population primarily in the Northern hemisphere), the changes in traffic are many orders of magnitude which is way beyond the typical impact of seasonality.
There are many different metrics people are using to look for indicators. I applaud you for looking at something different to most.
I think looking at just one will not give a best indicator. In the end, there are always unforeseen events that historical charts can never account for.
So in the end, time will tell.
Yes I agree, no indicator should be looked at without a broader perspective in mind.