"This is a hypothesis that needs more testing to be more precise."
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). But it is not as easy to use as written in books....
"Please note that this post is not a recommendation to trade, it is just a review of an ONCHAIN index. "
One way to check the intrinsic value of bitcoin is the NVM Ratio, And it can be compared to the P/E index in the stock market This index is based on Metcalfe’s Law.
Metcalfe’s law states the effect of a telecommunications network is proportional to the square...
This chart shows the percent of circulating supply that has not moved in at least 1 year. This data shows what percentage of long-term holders have kept their bitcoins.
This index has a negative correlation with price. When prices fall, holders are reluctant to sell and the index starts to rise. Once the price has risen enough, some of these holders will start...
ON-CHAIN analysis can be equated with fundamental analysis in the world of cryptocurrency. From now, I will try to do some of the analysis available in Trading View.
The SOPR index is one of the available on-chain data in Trading View. SOPR is an Abbreviation of The Spent Output Profit Ratio (SOPR). it is computed by dividing the realized value (in USD) divided...
