In this idea we'll have a look at the history of BTCUSD on a daily timeframe using value maps based on-chain balanced price and market data. Additionally, we'll take a look at BTCUSD on a daily timeframe using market price value oscillator.
The chart below shows a value map that takes into account the balanced BTC on-chain price and projects that onto a custom value map (grid) which shows both local and market tops/bottoms.
The chart below shows a value map based on pure market data and time which shows two bands. The top band shown in pink/blue shows market tops and the bottom band in yellow and orange showing market bottoms.
Below is both the on-chain value map and the market value map bands together which provides a very clear picture of both historic market cycles and the existing market progress with $32,000 being a key resistance level.
Next we'll have a look at a custom market price value oscillator that is designed to show the best purchase opportunities in green, secondary good purchase opportunities in blue, best shorting opportunities in purple and market tops in red.
The chart below shows a value map that takes into account the balanced BTC on-chain price and projects that onto a custom value map (grid) which shows both local and market tops/bottoms.
The chart below shows a value map based on pure market data and time which shows two bands. The top band shown in pink/blue shows market tops and the bottom band in yellow and orange showing market bottoms.
Below is both the on-chain value map and the market value map bands together which provides a very clear picture of both historic market cycles and the existing market progress with $32,000 being a key resistance level.
Next we'll have a look at a custom market price value oscillator that is designed to show the best purchase opportunities in green, secondary good purchase opportunities in blue, best shorting opportunities in purple and market tops in red.
