What stage is the market in?
Is the market bullish or bearish? Can I still buy the bottom?
It has fallen to a panic, is the bull market still there?
In order to better analyze the current trend, Biteye has sorted out 7 BTC bottom-hunting indicators.
Help you judge market sentiment and currency price fluctuations from multiple angles! Forward and collect, and learn slowly!
Current value: 0.6, in the fixed investment range
Interpretation: The indicator implies the rate of return of short-term fixed investment in Bitcoin and the deviation of Bitcoin price from expected valuation.
0.45 bottom line, 1.2 fixed investment line
When AHR999 index < 0.45, the indicator will recommend bottom-fishing
When AHR999 index is between 0.45-1.2, the indicator will recommend buying fixed investment
When AHR999 index >1.2, the coin price is already relatively high and is not suitable for operation
Trend review: Since mid-April, the index has been fluctuating around 1.2, and has completely fallen below 1.2 since June, entering the fixed investment range. In the past three months, it has been approaching the bottom line of 0.45.
Current value: In the colder market range, suitable for buying
Interpretation: Use the logarithmic growth curve to predict the potential future price direction of Bitcoin. There are 10 color bands in total. The warmer colors on the top show that the market is overheated, which is a better selling point; the colder colors indicate that the market sentiment is low, which is a better buying point.
Trend review: Since the beginning of this year, the price of Bitcoin has basically been in the colder color range. The market is not yet overheated, and the recent price is suitable for buying.
Current value: 58.41, not yet in the bottom-fishing range
Interpretation: The RSI indicator calculates price changes over a period of time to determine whether the recent trend is bullish or bearish. The score is evaluated relative to the previous 12 months.
A high RSI means that the price trend is very positive relative to the previous 12 months
A low RSI means that the price change is very negative relative to the previous 12 months
RSI >70: Bitcoin is overbought and may fall soon, so you can sell
RSI< 30: Bitcoin is oversold and may reverse and rise, so you can buy at the bottom
Trend review: Judging from historical prices, the RSI indicator has not been lower than 30. When referring to this indicator, you can judge according to the closer to 30, the more oversold, or the closer to 70, the more overbought.
Current value: BTC $57,604, in a price-neutral range
2-year moving average (2YMA): 38,018
2-year moving average times five (2YMA x5): 190,092
Interpretation:
The 2 Year Moving Average (green line) and the 5-fold product of the moving average (red line) are used to highlight the periods when buying and selling Bitcoin would generate huge returns.
Price < 2YMA (green line): Price is at a historical low, buy at the bottom
Price > 2YMA x5 (red line): Price is at a historical high, sell at the top
Price is between the moving averages, it is in a neutral position
Trend review: It is currently in a neutral range, and it is not time to completely buy at the bottom. From May 22 to October 23, the indicator was in the bottom-hunting range.
5. Net-Unrealized-Profit-Loss indicator
Current value: 45.33%, not the best buying range
Interpretation: Assess market sentiment by calculating the unrealized profits or losses of all investors holding Bitcoin.
NUPL < 0: Extreme fear of market losses, buy at the bottom
NUPL 0-0.25: Micro-profit zone, also suitable for buying
NUPL 0.25-0.5: Bull-bear conversion, slowly entering the bull market
NUPL 0.5-0.75: Strong bullish sentiment
NUPL 0.75-1: Extreme greed, consider escaping the top
In other words, the more NUPL deviates from 0, the closer the market trend is to the bottom or top.
Trend review: Since January 23, the market has been out of the loss range and gradually profitable. From February to July this year, RSI rained 0.5, and the bullish sentiment was strong. However, in the past two months, RSI has fallen to the 0.25-0.5 range, and market sentiment has also fallen.
Current value: 2689.22, neutral range
Interpretation: By comparing the number of bitcoins in different holding periods, such as the number of UTXOs (unspent transaction outputs) in the short term (within 1 month) and the long term (more than 1 year), the market activity and speculation are measured. A higher value means that there are more short-term holders and the market is highly speculative; a lower value means that the proportion of long-term holders is high and the market is relatively stable.
When approaching the red area, the market is overheated and suitable for profit taking
When approaching the green area, the currency price is relatively cold and suitable for bottom-fishing
Trend review: Since January 23, RHODL Ratio has gradually moved out of the green area and shown an upward trend. In the past few months, it has been in a volatile downward trend, reflecting that the market heat has subsided, but it has not yet completely entered the cooling stage.
Current value: 1.83, the market has not entered the bottom range
Interpretation: MVRV is a relative indicator, which is the ratio of the circulating market value (Market Cap, MV) to the realized market value (Realized Cap, RV), that is, the ratio of the total market value of BTC/the market value calculated by the last activity price of BTC, representing the profitability of BTC holders.
MVRV > 3.5, the market has entered the top, the holders have a large profit and tend to sell
MVRV < 1, the market has reached the bottom, most holders are in a loss state, the willingness to hold is greater than the willingness to sell, and the probability of price increase increases.
Trend review: In the past three or four months, this indicator has been on a downward trend, and the holders' profits have gradually decreased. The closer it is to the bottom range, the easier it is for the market to rebound.
Recommended readings tonight: 1. In-depth understanding of Babylon ecosystem: shared BTC security and BTC staking; 2. How is the TON ecosystem developing? What airdrops are worth paying attention to? ; 3. New branches on the old tree: Arweave's new narrative and potential benefits;
JinseFinanceThere is a difference between investing in Bitcoin and being Bitcoin-focused. This may seem like a semantic argument, but it is not, because the behaviors of these two groups are completely different and their mindset is completely different.
JinseFinanceWhile Ethereum has penalty mechanisms such as slashing to deal with serious violations, these mechanisms are generally used to deal with extremely malicious or serious behavior.
JinseFinanceThis act marks an important chapter for digital currency in the national economy and globally.
JinseFinanceRainbow, a cryptocurrency wallet, made headlines by launching its innovative rewards initiative termed "Rainbow Points." The system involves allocating points to Ethereum users based on their on-chain activities, including wallet balances and usage of decentralised apps and services.
JoyJinseFinanceAfter surging past $22,000, Bitcoin (BTC) is looking to reclaim new levels and sustain the current bull run.
FinboldThe threshold price below which Bitcoin miners could halt their operations is $12,000.
FinboldAs Bitcoin (BTC) drops below $19,000, investors and traders are looking for any kind of input on what awaits the largest token in the future.
FinboldOn December 28th, People's Daily Online published an article "People's 0 Direct Attack: Rainbow Universe's virtual house was fired, what is the bubble? ", the reporter's investigation found that Rainbow Universe's virtual houses are actively traded in the secondary market, with listing prices ranging from several hundred yuan to hundreds of thousands of yuan.
Cointelegraph