Ribbon
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#Analysts Discover a New #Bitcoin Indicator: They Claim The Bull Market Continues Smoothly
A new indicator developed by CryptoQuant, a cryptocurrency analysis company, shows analysts that Bitcoin's bullish trend continues smoothly and steadily.
The #indicator, called the #BTC On-Chain Losses Ribbon, measures the amount of losses that Bitcoin holders suffer over different time periods
The ribbon consists of four moving averages (MA) of losses calculated for 180, 210, 240 and 270 days. According to CryptoQuant analysts, the indicator can be used to determine the bottom or top of Bitcoin's price action in terms of network macroeconomics.
According to CryptoQuant, when the #Ribbon starts to turn upside down, it usually means that Bitcoin has bottomed out.
A new indicator developed by CryptoQuant, a cryptocurrency analysis company, shows analysts that Bitcoin's bullish trend continues smoothly and steadily.
The #indicator, called the #BTC On-Chain Losses Ribbon, measures the amount of losses that Bitcoin holders suffer over different time periods
The ribbon consists of four moving averages (MA) of losses calculated for 180, 210, 240 and 270 days. According to CryptoQuant analysts, the indicator can be used to determine the bottom or top of Bitcoin's price action in terms of network macroeconomics.
According to CryptoQuant, when the #Ribbon starts to turn upside down, it usually means that Bitcoin has bottomed out.