Stablecoin Supply Ratio Bullish Signal

Stablecoin-Supply-Ratio-Bullish-Signal

This chart consists of Bitcoin price (white), 7-day MA (yellow) and 28-day MA (blue) of Stablecoin Supply Ratio. This metric is calculated by dividing BTC's market cap by all stablecoins market cap.

SSR shows when there is enough liquidity available to buy into the market or on the other hand, when the buying power is not enough to move up the price, relative to BTC's market cap.

I've tried to make an indicator to confirm bullish and bearish legs, so I've put the MA cross indicator on SSR and I've used it well over the last year. As you can see, bearish crosses in the MA cross showed the corrections and the bullish crosses showed the rallies with high accuracy.

Now after a couple of months of correction, SSR MA Cross has finally printed a bullish signal, possibly indicating the end of the bearish leg. However, this indicator should not be solely considered for decision making. 

Note that if it prints a bearish cross, that would be the exit signal.