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Bitcoin Market Buy vs Sell Strength
This indicator compares Bitcoin's market capitalization (based on distribution) with the market capitalization based on the price at which Bitcoin was actually traded.
This indicator utilized the fact that if Bitcoin's mining volume and price increase rate do not show an appropriate ratio
, for example, the increase in bitcoin mining volume is weak, while if the price increase rate is sharp
, we can interpret that Bitcoin's price is not in the general range and is overvalued.
How to use?
The red solid line is that value, and when the red solid line rises, bitcoin traders' selling starts to increase.
Conversely, if this indicator falls after reaching the red box, the buying trend will increase and the price will show an upward trend.
In the Options window, you can select the Slow or Fast mode depending on the sensitivity, and this indicator is available only at "D"frame chart.
This indicator applies only to Bitcoin and is available to all users without restriction (the source must be revealed)
This indicator utilized the fact that if Bitcoin's mining volume and price increase rate do not show an appropriate ratio
, for example, the increase in bitcoin mining volume is weak, while if the price increase rate is sharp
, we can interpret that Bitcoin's price is not in the general range and is overvalued.
How to use?
The red solid line is that value, and when the red solid line rises, bitcoin traders' selling starts to increase.
Conversely, if this indicator falls after reaching the red box, the buying trend will increase and the price will show an upward trend.
In the Options window, you can select the Slow or Fast mode depending on the sensitivity, and this indicator is available only at "D"frame chart.
This indicator applies only to Bitcoin and is available to all users without restriction (the source must be revealed)
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