Bitcoin NVT Signal
https://i.imgur.com/Gca711q.png
How it works
As the signal shows, we can expect a deeper correction.
https://i.imgur.com/Gca711q.png
How it works
Quote
What is NVT Signal?
Standard NVT Ratio is simply the Network Valuation divided by the Transaction Value flowing through the blockchain and then smoothed using a moving average. What Dimitry did was to apply the moving average just to the volatile Transactions component only without smoothing the already stable Network Valuation component.
This produces a much more responsive chart. Responsive enough to use as a trading indicator.
This is probably the first trading indicator to use blockchain data instead of the basic price and volume data coming in from exchanges.
Standard NVT Ratio is simply the Network Valuation divided by the Transaction Value flowing through the blockchain and then smoothed using a moving average. What Dimitry did was to apply the moving average just to the volatile Transactions component only without smoothing the already stable Network Valuation component.
This produces a much more responsive chart. Responsive enough to use as a trading indicator.
This is probably the first trading indicator to use blockchain data instead of the basic price and volume data coming in from exchanges.
As the signal shows, we can expect a deeper correction.
why, please explain in more detail your thoughts. divergence? or just copy and past BS?

But if you are true Hodler, you don’t need any graphics.