Glassnode SOPR for BTC

The indicator SOPR by Glassnode is used. The SMA is also used to smooth the values of the SOPR indicator.

For:
- Only for BTC/USD or BTC/USDT
- Time frame 1d or more

Lines:
- Blue line is SMA of SOPR
- Black line is always 1.00
- Red line is 1 plus user percentage
- Lime line is 1 minus the user percentage

Background:
- If the indicator is above the red line then the red background is displayed
- If the indicator is below the lime line the lime background is displayed

Usage:
- When the SMA of SOPR is above the red line there is a high probability of a market top.
- When the SMA of SOPR is below the lime line, there is a high probability of a market bottom (these are good prices to buy bitcoin for a long-term position).

Notas de prensa:

+ ETH, LTC