BTC Profitable Wallets Strategy

Powerscooter Updated   
BTC Profitable Wallets Strategy - plots the percentage of profitable BTC wallets and places long orders when the profitable wallet share crosses above 50%, historically a very accurate point to catch the next Bull Run early.

The only setting is a smoothing option using the Moving Average method and length of your choice.

On Chain Data is queried from IntoTheBlock.

This is a 'HODL' strategy, with no exit given. If you'd like to see the historical performance check the Open Profit or place a sell order at the current date.
Release Notes:
Made the profitable wallet threshold that initiates a buy order adjustable. Default value remains 50%.
Release Notes:
-Added support for a large number of other Chains, including ETH, DOGE, ADA and many more!
-Select your chain in the new input called "Blockchain"
Release Notes:
Fixed bug concerning trade execution with custom wallet threshold.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?