Cruisers Addresses vs Bitcoin Price
... This is a complementary study of this idea:
🧑Cruisers: addresses holding for over a month but under a year. These are mid-term or so-called swing traders.
📈The correlation is positive most of the time with the price of Bitcoin.
🐢However, when looking closely at this indicator, we can see that it has a strong characteristic of a lag indicator (a delayed indicator).
⏳ I'm waiting for this indicator to reach 10 million or if there will be a reversal, to conclude on something.
🎂 And to conclude, December 17, 2022 will be the 5th anniversary of the top of 2017...
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ℹ️ Clarification: The moving average plotted on the chart is 8 weeks or 55 days (exponential smoothed)
🧑Cruisers: addresses holding for over a month but under a year. These are mid-term or so-called swing traders.
📈The correlation is positive most of the time with the price of Bitcoin.
🐢However, when looking closely at this indicator, we can see that it has a strong characteristic of a lag indicator (a delayed indicator).
⏳ I'm waiting for this indicator to reach 10 million or if there will be a reversal, to conclude on something.
🎂 And to conclude, December 17, 2022 will be the 5th anniversary of the top of 2017...
--------
ℹ️ Clarification: The moving average plotted on the chart is 8 weeks or 55 days (exponential smoothed)
