Quick Bitcoin Valuation Model

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
This indicator uses On chain Transactions and Total Bitcoins to arrive at an under/over valuation.

You need to change the scale to Log, i couldn't work out how to do it, if you can tell me i will update the script.
Comment: >1 Overvalued
<1 Undervalued
>2 - Severe Overvaluation
<0.5 Severe Undervaluation
Comment: Link to the pine script.. Noob error.

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Great stuff FilbFilb.

How do I add this indicator. I can't find it on tradingview
+34 Reply
So according to this we should drop because we are so over valued right now, is that the indication?
+9 Reply
devidodge amiknyc
@amiknyc, looks like according to fibs chart
This indicator not cyclical (hence misleading), as one can obviously seen there is a underlying upward trend that has been in play since inception, which needs to be factored out. My guess if you re-designed the indicator to temper this upward trend; you'll get something completely different than what is being shown here
+2 Reply
this can be the new bullrun 2020 for btc -- click on my chart and check the details why.
+1 Reply
Poptop169 Protixder
@Protixder, Stop spamming
Thanks FilbFilb for this chart. You truly are awesome!
+1 Reply
Awesome! Great work
+1 Reply
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