Each peak on your indicator from 2013 to 2017 is getting smaller. Have you considered as the price of Bitcoin moves higher it will require even greater multiples of capital which may not give you a topping signal on your indicator as you expect since previous ATH's from 2013 to 2017 were done on significantly less capital?
Lastly as more "hodl" coins have been moved off exchange we've seen greater volatility in terms of price swings. The daily and weekly ATR is literally off the charts, meaning in a true bear market we could see even deeper corrections than previously witnessed before again not giving the signal you were expecting.
50.4 mn divided by 3.38 = just a bit below $15mn. The 365ma is not in terms of price, its in terms of the daily issuance value. Aka amount of bitcoin created multiplied by the price of bitcoin.
I could have done a better job at that specific detail, and hopefully you find this helpful.
Each peak on your indicator from 2013 to 2017 is getting smaller. Have you considered as the price of Bitcoin moves higher it will require even greater multiples of capital which may not give you a topping signal on your indicator as you expect since previous ATH's from 2013 to 2017 were done on significantly less capital?
Lastly as more "hodl" coins have been moved off exchange we've seen greater volatility in terms of price swings. The daily and weekly ATR is literally off the charts, meaning in a true bear market we could see even deeper corrections than previously witnessed before again not giving the signal you were expecting.
How did you get ~15 million on 365 MA? When Im adding it on daily chart it shows ~18k
50.4 mn divided by 3.38 = just a bit below $15mn. The 365ma is not in terms of price, its in terms of the daily issuance value. Aka amount of bitcoin created multiplied by the price of bitcoin.
I could have done a better job at that specific detail, and hopefully you find this helpful.
So 50.4= 900BTC * CurrentPrice
15mn = (900BTC *Today365MA + 900BTC*Yest.365MA etc 365 times)/365 ?
I Understood about 50.4 mln, but can't figure out how could I calculate 15 mn