Hi Fellow Traders and Investors,
Today, I want to look into this brand new hot off the presses indicator, THE BITCOIN RISK. The focus of this indicator is the risk levels of bitcoin in real time.
It's color coded and fairly straight forward and simple. it's best use is for long term investors not so much for day trading. It can be coupled with other indicators to make confluence and confirmation. for example the RSI and this indicator are very powerful when coupled together from what I have seen. As we can see it is still very early in the bull run and still a very good time to be making purchases. How accurate this indicator will be going forward? Unfortunately, only time will tell, as I'm fairly sure it's been retro fit in some way to work.
I have no affiliation with the creator and have no personal gain. I found this indicator, was granted use of it and found it useful, so, I am passing it along. If you are interested in it, you have to get a hold of the creator. Down below is an overview in the words of the creator.
Here is a quick explanation from the creator himself...
Here's a quick overview of what the model is based on and how it can provide value:
"The panpanXBT Bitcoin Risk Metric is powered by regressing 'fair value' data. The errors are adjusted to account for diminishing returns using a fitted exponential curve. The result is a channel that Bitcoin price has historically bounced between.
Users can quickly identify periods of extreme under and overvaluation, which could present great investing opportunities."
Today, I want to look into this brand new hot off the presses indicator, THE BITCOIN RISK. The focus of this indicator is the risk levels of bitcoin in real time.
It's color coded and fairly straight forward and simple. it's best use is for long term investors not so much for day trading. It can be coupled with other indicators to make confluence and confirmation. for example the RSI and this indicator are very powerful when coupled together from what I have seen. As we can see it is still very early in the bull run and still a very good time to be making purchases. How accurate this indicator will be going forward? Unfortunately, only time will tell, as I'm fairly sure it's been retro fit in some way to work.
I have no affiliation with the creator and have no personal gain. I found this indicator, was granted use of it and found it useful, so, I am passing it along. If you are interested in it, you have to get a hold of the creator. Down below is an overview in the words of the creator.
Here is a quick explanation from the creator himself...
Here's a quick overview of what the model is based on and how it can provide value:
"The panpanXBT Bitcoin Risk Metric is powered by regressing 'fair value' data. The errors are adjusted to account for diminishing returns using a fitted exponential curve. The result is a channel that Bitcoin price has historically bounced between.
Users can quickly identify periods of extreme under and overvaluation, which could present great investing opportunities."
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