Bitcoin ASOPR sentiment analysis - update

Bitcoin-ASOPR-sentiment-analysis-update

Bitcoin ASOPR sentiment analysis
Adjusted Output Profit Ratio (ASOPR) is a ratio of spent outputs (lived more than an hour) in profit at the time of the window.
Adjustment was made by not accounting for hour less lived coins' movements.
Values over '1' indicate more investors are selling at a profit.
Values below '1' indicate more investors are selling at a loss.

In previous bear periods (1st and 2nd) ASOPR worked as resistance each time when price go up & ASOPR value goes to 1 then observed pretty strong rejection. In current bear market phase ASOPR works as huge resistance so far. (185 days). Worth to observe this indicator. 👀