BTCUSD divided by the average of USDCNY, USDPKR, USDINR, USDNGN, and EURUSD, multiplied by 148.68.
The number 148.68 is just a placeholder; don't worry about it. In this chart, I'm looking at the five biggest crypto countries: China, India, Pakistan, Nigeria, and Europe.
These countries do a lot of cryptocurrency trading, so averaging their currencies gives us a clearer view. Right now, the chart shows that the price is staying about the same.
The chart might be confusing because the value of the dollar is going down.
We're at a really important point in the price movement. If we break past this point, the price will probably go up a lot.
so watch out for this chart :)
this is for educational purpose, it shows what else we can do with tradingview chart :)
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