OPEN-SOURCE SCRIPT
60-Day Accumulated Increasing Rate

Is this Bitcoin bull run still driven by new investors and new funds? Definitely. That’s why the 60-day accumulative increasing rate is so important and it can even determine everything. The only thing that can be trusted is the math. In history, each capital inflow uptrend bull run has ended once the 60-day accumulative increasing rate reached a high level and when the short-term euphoric investors push BTC price to rise at a fast speed and use up all kinds of leverages. At that point, there’s no time for new investors and new funds to flow in, thus the cryptocurrency market will crash from the global top.
In that sense, the crashes on 4th September, 2017 and 19th May, 2021 didn’t end the bull run, instead,they lengthened the bull run span.The last bull run cycle (2017) might have ended prematurely when BTC reached $10,000, recording 150% accumulated increase over 60 days. Then BTC won’t be pumped up to $20,000 if the course wasn’t interrupted by September 4th, 2017 incident.
Technical analysts(they are far from trustworthy, full of bollocks) call the correction of BTC: “consolidation or wipeout”, just like that diabetes is called as Liver Qi Stagnation, weight lossing, being thirsty and other symptoms. It’s quite fun to watch so many people explaining it in a false concept. Everyone knows what the maths is. That’s enough.
PS: This indicator can only be applied to Bitcoin daily chart!
In that sense, the crashes on 4th September, 2017 and 19th May, 2021 didn’t end the bull run, instead,they lengthened the bull run span.The last bull run cycle (2017) might have ended prematurely when BTC reached $10,000, recording 150% accumulated increase over 60 days. Then BTC won’t be pumped up to $20,000 if the course wasn’t interrupted by September 4th, 2017 incident.
Technical analysts(they are far from trustworthy, full of bollocks) call the correction of BTC: “consolidation or wipeout”, just like that diabetes is called as Liver Qi Stagnation, weight lossing, being thirsty and other symptoms. It’s quite fun to watch so many people explaining it in a false concept. Everyone knows what the maths is. That’s enough.
PS: This indicator can only be applied to Bitcoin daily chart!
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.