- Quick Update. - Everything is in graphic. - Check SOPR + Green Circles. - Did some smart hands took their benefits ? - Yes. - Does it means BTC price will crash ? - No. - Does it means we are in a correction ? - Not really. - Does it means it's a boring phase ? - Yes. Happy Tr4Ding !
- Keeping facts simple as possible. - Not a price prediction. - Everything in Chart. - SOPR is your friend. - Exhaustion #2. - BTC price still stable. Happy Tr4Ding !
- Very Basically SOPR (Spent Output Profit Ratio) measures the price bought versus price sold. ( but it's more complex than that ) - Negative SOPR typically means people are selling for a loss. ( red dotted Lines columns ) - Positive SOPR typically means people are selling for a win. ( Blue dotted Lines colums ) - So what we can notice and deduct from this...
BTC SOPR indicator, useful for long-term investors, typically signals a breakout -- people are not taking profits or losses. Diamond-hands are accumulating. "Definition. Spent Output Profit Ratio (SOPR) evaluates the profit ratio of the whole market participants by comparing the value of outputs at the spent time to created time. In a simple way, you can...
BTC looks to be on sale in the coming days. Approach this weekend with caution if you’re re trading short term action. I would personally sit this weekend out all together. This comes from a combination of positive funding rates on-chain and a slow bleed over the past 24 hours leading into the weekend that has traditionally been red. This price action...
Let's review BTC after all the hype of the current pullback. Discussion It's been amusing reading analysis from so-called experts on Reuters and Yahoo finance. The Youtube videos by 'gurus' are not funny, they are just plain sad! So let's look at some of the arguments from the VSPs (very serious people): 1) the so-called 'crash' was caused by Hash Rate ...
BTC grinding towards the previously noted price target of $53-$54 mark. That coincides with closing price levels and swing traders' cost basis. SOPR is net positive with no material profit taking indicated by Realised Profit & Loss Indicator. BTC price risk in-part based on future spreads indicates a possible pullback - but that would be anticipated as price...
LTC break above cost basis - most traders still HODL'ing with no material realised gains (profit taking) to note to date. SOPR indicates a few pundits chucked in the towel early (refer : arrow) , but LTC is now a net long market. My strategy Currently, trading long the SOPR breaks and pull backs above the Cost Basis line (market net profit line). Conditions...
Total exchange volume, after reached ATH in early Jan, has since come back down, but is still much higher than it was a year ago. Fundamental- Grayscale’s Crypto AUM has recently surpassed $30 Billion lvl and it was mostly driven by hedge fund involvement. Average commitment is in uptrend as well. Fidelity Digital Assets President Tom Jessop is bullish on...