IT Tech
Bitcoin - sell signal on Stablecoin Supply Ratio
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 the 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. 1. I used the SSR RSI to identify potential buying and selling opportunities. As you can see, high values over 75đ in the past were potential moments to sell." 2. On the other hand, when RSI is under 25đ, it was a potentially good moment to buy. Personally, I sold a major part of my coins and I will wait for a better opportunity to re-buy again. It's not financial advice.