Buying during Miner Capitulation yields wonderful returns. The best buy signals occur on Hash Rate "recovery", and when price momentum is also positive. Historically, this strategy has yielded average returns to cycle peak of >5000%, with max Drawdown of -15%. Follow me to learn more about this indicator.
Gives long-term buy signals for Bitcoin from dips and recoveries in the hashrate (the "miner capitulation" theory). It has an overlay and a standalone mode and is fully configurable. It uses Williams Lows and ATR instead of moving averages. Features that might be interesting for Pinescripters: + Automatic (as far as is possible currently) adjustment of plots for...
Same as the popular hash ribbon indicator, but slightly more responsive and with a better smoothing kernel.
Use 3D(3-day candle) as timeframe for best reading. ------ original template for Correlation indicator was created by obaranova. credit goes to her.
The indicator shows the deviation of the hashrate in the Bitcoin network from its average value for the selected period. This indicator should be used on TF=1D. When the hashrate drops below zero, you should look for points to buy Bitcoin , because after a decrease in the hashrate, the price of Bitcoin most often follows an increase. Also in the indicator there is...
-═════════════════════════- 📋 Description : This script display the Bitcoin' Hash Rate and the Miners revenue based on the data provided by Quandl. Hashrate is displayed in TH/s : trillion hashes per second with an moving average. Miners revenue is calculated by : (the number of bitcoins mined per day + transaction fees) * market price The dates of previous...
-═════════════════════════- 📋 Description : This script displays several informations about Bitcoin : the maximum number of Bitcoin number of mined BTC number of unmined BTC calcul them in % shows the previous halving date 📆 Note : need to be in dayli resolution or higher Thanks to all Pinecoders who share their work with the...
The Bitcoin Difficulty Ribbon is based on Willy Woo's implementation and it gauges the selling pressure experienced by Bitcoin miners. The Bitcoin Network Difficulty is a measure of how complicated it is to find the next block, compared to the ease of finding the easiest possible one. When the difficulty decreases it's a hint that the mining sector is...
The Bitcoin Transaction Fees is the fee value that miners earn on a daily basis. The indicator can show the value either in BTC or USD.
The Bitcoin Relative Cost of Transaction shows the miners' revenue as a percentage of the transaction volume registered in the block.
The Bitcoin Cost per Transaction (USD) is the result of dividing the miners' revenue (Block Reward + Transaction Fees) between the number of transactions per block. Here is an example with made up numbers: Block reward is 12.5 BTC + 0.5 BTC in transaction fees. There are 2700 transactions in the block. Current exchange rate is 5700 USD/BTC. (12.5 BTC + 0.5...
Bitcoin Fee Ratio is a BTC specific study aiming to replace the ever-misleading ‘market capitalization’ (marketcap). It answers to the following question: “If block rewards disappeared tomorrow what percentage of economic volume would we have to pay in fees to replace them” A low FR means that users can transact securely while simultaneously paying a minimal...