Alpha SOPR Indicator

2021년 9월 11일

The indicator SOPR by Glassnode is used. The SMA is also used to smooth the values of the SOPR indicator.

For:
- Only for BTC/USDT or ETH/USDT or LTC/USDT
- Time frame 1d or more

Background:
- If the indicator is above the red line then the red background is displayed
- If the indicator is below the lime line the lime background is displayed

Usage:
- When the SMA of SOPR is above the red line there is a high probability of a market top.
- When the SMA of SOPR is below the lime line, there is a high probability of a market bottom (these are good prices to buy bitcoin for a long-term position)