IT Tech
Bitcoin how to find potential best moments to buy and sell using Stablecoin Supply Ratio
I found something interesting in Stablecoin Supply Ratio. (SSR) is defined as a ratio of the Market Cap of BTC divided by the Market Cap of all Stablecoins. It shows comparative power status between BTC and Stablecoin by comparing market cap High : Low Potential Buying Pressure - Bearish đ High values mean Low Stablecoin supply compared to the market cap of BTC indicating potential low buying pressure and possible price drop. Low : High Potential Buying Pressure - Bullish đ Low values mean high Stablecoin supply compared to the market cap of BTC indicating potential buying pressure and possible price rise. I used SSR RSI to find best moments to buy or sell. As You can see high values over 70đ on the past that was potential moment to sell. On the other hand when RSI is under 25đ - potential good moment to buy. It looks very interesting so I will take on eye on this. Historical data no guarantee of future results. Remember to risk management.