IT Tech
Bitcoin - when is the best time to buy?
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 75đ on the past that was potential moment to sell. On the other hand when RSI is under 25đ - potential good moment to buy. Currently value of SSR RSI is 31 - I am waiting to reach value 25 and then I will start buying BTC using DCA strategy. It's not financial advise. Remember to risk mgmt.