NVT (Network Value to Transaction) indicator
This indicator describes the relationship between of transfers and market capitalization.
It is also described as the of cryptocurrencies.
The calculation is done by dividing the network value by the daily .
At the moment, we can verify an indefinite moment.
A good indicator would be to break resistance (blue dotted line), and stay above 75.
This indicator works similarly to OBV, except that it puts weight on volumes according to intraday .
You can see a resistance on the dotted line at 5.
Breaking up would be a signal.
Breaking below zero would be a signal.
Simple Moving Average of 365 periods
Moving averages are great tools for plotting possible supports and resistances.
As we can see, the 365-day average is holding the price.
If it is broken, it is a warning sign for a move.
Schiff’s fork demonstrates the projection of Bitcoin price in the last periods, since May/2021.
If the price breaks the upper limit, it could be a signal.
Watch out for false breakouts.
Corona Day Support
The red dotted line is a support traced from March/2020.
If this line is broken, watch out for a Bear Market.
* Follow your own risk management
* Past profitability is no guarantee of future profitability