MicroStrategy / Bitcoin Market Cap RatioThis indicator offers a unique analytical perspective by comparing the market capitalization of MicroStrategy (MSTR) with that of Bitcoin (BTC) . Designed for investors and analysts interested in the correlation between MicroStrategy's financial performance and the Bitcoin market, the script calculates and visualizes the ratio of MSTR's market capitalization to Bitcoin's market capitalization.
Key Features:
Start Date: The script considers data starting from July 28, 2020, aligning with MicroStrategy's initial announcement to invest in Bitcoin.
Data Sources: It retrieves real-time data for MSTR's total shares outstanding, MSTR's stock price, and BTC's market capitalization.
Market Cap Calculations: The script calculates MicroStrategy's market cap by multiplying its stock price with the total shares outstanding. It then forms a ratio of MSTR's market cap to BTC's market cap.
Bollinger Bands: To add a layer of analysis, the script includes Bollinger Bands around the ratio, with customizable parameters for length and multiplier. These bands can help identify overbought or oversold conditions in the relationship between MSTR's and BTC's market values.
The indicator plots the MSTR/BTC market cap ratio and the Bollinger Bands, providing a clear visual representation of the relationship between these two market values over time.
This indicator is ideal for users who are tracking the impact of Bitcoin's market movements on MicroStrategy's valuation or vice versa. It provides a novel way to visualize and analyze the interconnectedness of a leading cryptocurrency asset and a major corporate investor in the space.
Saylor
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC.
All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors.
From this we can derive:
- BTC Holdings % of enterprise value
- Correlation to BTC (in this case we use CME futures...may change this)
- Equivalent Share Price (true market cap divided by shares outstanding)
- P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4)
- Price to FCF Ratio (true market cap divided by FCF (ttm))
- Price to Revenue (^ but with total revenue (ttm))
Saylor to Schiff RatioI'm reposting the Saylor to Schiff Ratio indicator that was originally developed by Michael Silva
This indicator may be used to predict key momentum shifts in the price of Bitcoin
I've set up this indicator for it to be used on the weekly timeframe as was intended.
The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR .
It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
For that reason, I've enabled by default an option that forces the indicator to display on the Weekly value even though the time frame could be higher or lower.
Credit for this idea goes to Michael Silva: @mikepsilva
