💥Instructions for buying and selling bitcoin according to Onchain? - This article is specifically for you to learn about Onchain (Part 1)
🎯Why Onchain?
⚡️Due to the special characteristic of the bitcoin blockchain that anyone can access and track it and cannot be changed or edited, transactions on the blockchain are aggregated to serve the analytical needs of investors (data This is called onchain)
1⃣MVRV Ratio - Reference link: https://cryptoquant.com/asset/btc/chart/market-indicator/mvrv-ratio?window=DAY&sma=0&ema=0&priceScale=log&metricScale=log&chartStyle=line
⚡️To use this data, you only need to care that you should invest in bitcoin when the MVRV Ratio line (Blue) touches the green zone.
⚡️When selling MVRV hits the red zone
⚡️The most recent data we see is September 2022. At this time, BTC is priced around 15,000 - 16,000. Up to now, it has increased nearly 100%.
⚡️This indicator gives a quite high Correct rate
💯Detailed link: https://twitter.com/Beetraderz/status/1714513805764600221
