OPEN-SOURCE SCRIPT
Bitcoin Cycles Indicator
Bitcoin Cycles Indicator
The "Bitcoin Cycles Indicator" is designed to provide insights into the current market cycle of Bitcoin. It utilizes a combination of market cap real and total volume transfer to generate a visual representation of the market cycle.
Indicator Phases:
Cycle Lows (Green): Indicates potential low points in the cycle.
Under Valued (Aqua): Represents phases where Bitcoin might be undervalued.
Fair Market Value (Purple): Reflects periods considered to be at fair market value.
Aggressively Valued (Orange): Marks phases where Bitcoin might be aggressively valued.
Over Valued (Red): Suggests potential overvaluation of Bitcoin in the cycle.
Bitcoin Cycles can identify periods of increased risk when transaction behavior on-chain is indicative of major cycle highs. It also identifies areas of value opportunity where on-chain transaction behavior signals major cycle lows.
Historically, Bitcoin has exhibited cyclical behavior roughly every four years, coinciding with significant events known as "halvings."
While the historical correlation between Bitcoin's cycles and halving events is compelling, market dynamics are subject to change. Traders and investors should approach the market with a comprehensive strategy, incorporating multiple indicators and risk management techniques to navigate Bitcoin's evolving landscape.
The "Bitcoin Cycles Indicator" is designed to provide insights into the current market cycle of Bitcoin. It utilizes a combination of market cap real and total volume transfer to generate a visual representation of the market cycle.
Indicator Phases:
Cycle Lows (Green): Indicates potential low points in the cycle.
Under Valued (Aqua): Represents phases where Bitcoin might be undervalued.
Fair Market Value (Purple): Reflects periods considered to be at fair market value.
Aggressively Valued (Orange): Marks phases where Bitcoin might be aggressively valued.
Over Valued (Red): Suggests potential overvaluation of Bitcoin in the cycle.
Bitcoin Cycles can identify periods of increased risk when transaction behavior on-chain is indicative of major cycle highs. It also identifies areas of value opportunity where on-chain transaction behavior signals major cycle lows.
Historically, Bitcoin has exhibited cyclical behavior roughly every four years, coinciding with significant events known as "halvings."
While the historical correlation between Bitcoin's cycles and halving events is compelling, market dynamics are subject to change. Traders and investors should approach the market with a comprehensive strategy, incorporating multiple indicators and risk management techniques to navigate Bitcoin's evolving landscape.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。