This Onchin metric is based on SOPR data Use this metric on daily and weekly timeframes: SOPR: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. Renato Shirakashi created this metric. When SOPR > 1, it means that the owners of the...
This is a New Onchain metric that is designed for bitcoin by myself Mjshahsavar (Ghoddusifar), and it is published for the first time in this trading view in this post. I think this metric has a very high capability to determine the ATH and bottom of the market. This metric can solve a problem that channels are unable to solve. this could be the equivalent of what...
NVT Ratio Defined as the ratio of market capitalization divided by transacted volume (in USD). Network Value to Transactions Ratio (NVT Ratio) is defined as the ratio of market capitalization divided by transacted volume in the specified window. History NVT first made an appearance as a tweet on Woo Bull account in Feb 2017. In that tweet he promised an...
Hi all, In these troubled times, going back to fundamentals can sometimes be a good idea 😊 I put this one up using data retrieved from “Nasdaq Data Link” and their “Blockchain.com” database. Here is a good place to analyses some Bitcoin data “outside” its price action with 25 different data sets. Just go to the settings menu and display the ones you are...
Network Value to Metcalfe Ratio (NVM Ratio) is defined as the ratio of the log of market capitalization divided by the log of the square of daily active addresses. This oscillator evaluates bitcoin price according to the Metcalfe Ratio to show whether the current value of Bitcoin is higher or lower than the real price in this oscillator, High values indicate the...
Use this Indicator in The Weekly timeframe This indicator is based on "Percent of Supply Last Active 1+ Years Ago". This is so important indicator that shows " The percent of circulating supply that has not moved in at least 1 year." It can show the situation of the holders who have been holding their coins for more than a year. When this indicator starts to...
Why is the drop of hashrate important? Drop of hashrate usually occurs because some miners in the mining network stop for working. There are several possible reasons for this. Such as new anti-mining regulations in some countries or a sharp drop in the price of bitcoin, which makes mining no longer affordable for some miners. So they turn off their devices This...
Wyckoff's theory t is one of the most influential theories of market expression, and the most important components of which are lateral movement areas and trends. This theory turns the graph into something like Dots and lines (stations and paths). After getting acquainted with Wyckoff's theory, I read several books on the subject, hoping that they could help me...
The basis for this indicator is the HODL Wave (> 1 Year) developed by Unchained Capital. This represents the percentage of coins that have not been moved for at least a year. The Hull MA perfectly tracks the HODL Wave and provides an easy bull/bear trend in the mid-term. The long-term and more macro bull/bear trend is decided by if the Hull MA is above or below...
Description: Whale: Whale utilizing discounted prices (increasing on-chain volume & decreasing price) Recovering: Positive momentum in price after potential whale activity Cycle Volume Support: The transaction volume support during a cycle What’s the best time to invest? After institutions make up their mind at low price levels. How’s on-chain volume related...
🔗Blockchain Fundamentals - Marketcap Multiple by Cryptorhythms Intro A brand new original indicator to judge long term bitcoin accumulation and distribution zones. Created by myself - theheirophant. I love the way the indicator MVRV (market value to realized value) works, but there's no way to replicate it on tradingview as it uses outside data not available...
The last script was blocked by the moderators of TradingView because it allegedly violates the rules, I publish a new version of the script without links to the authors and information about 'Stock-to-flow'. In short: This blue line indicating what is the model price in USD (depends on the pair). The red and green dots are the daily data points. They show how far...
This is a model to calculate Bitcoin price based on Difficulty. How to calculate it: BDM = (difficulty^0.51) * 0.002 For the difficulty, the daily average is used.
A series of plots representing Bitcoin on chain metrics like tx volume , hash rate, difficulty and way more from Blockchain.com How to use? Up to you Some sources update live, some sources update EOD (end of day) To use as a non overlay, right click and move to new pane