The Stablecoin Supply Ratio (SSR) is the ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC. When the SSR is low, the current stablecoin supply has more "buying power" to purchase BTC. It serves as a proxy for the supply/demand mechanics between BTC and USD.
Hi, Good day to u. It looks great but it so complicated! How can I learn and understand it? Thanks in advance
GutenbergNunes
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@irtrader_425798, Hi, just search divergences between price and this chart. When Bitcoin is growing and this chart is going down, it means this is bullish. It gives strenght to Bitcoin. As you can see from march 2020 to october 2020. Also, as lower as this chart goes, Bitcoin turns stronger to go up. And the higher this chart goes, Bitcoin turns weaker.
irtrader_425798
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@GutenbergNunes, Hi , Just can use it for BTC ? Thanks in advance
GutenbergNunes
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@irtrader_425798, Yes, but BTC is the key to cryptocurrency market. When BTC goes up all other crypto goes up.
It looks great but it so complicated! How can I learn and understand it?
Thanks in advance