Fundamentals are starting to pickup on #Bitcoin.
Fundamental Strength Indicator no longer overheated and starting to rise (FSI tracks strength of 17 fundamental and technical indicators).
If price gets much above 25k, we could be in for a short squeeze.
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Can you explain what metrics are calculated into the FSI?
Here’s the list, I will be adding more in future:
MVRV
Investor Capitalisation
Volatility Cap
RHODL
Reserve Risk
Balanced Cap
CVDD Floor
Puell Multiple
Thermocap
Realised PnL
Real Profit to Value Ratio
Supply in Profit
NUPL
eSOPR
VWAP Volume
Mayer Multiple
RSI
Intention is to cover the different sectors of fundamentals:
- Valuation
- HODL strength
- Miner activity
- Destruction (OG coin movements)
- Profit
- On-chain volume
- Price action
So... bullish?
I’m bullish, in a probabilistic sense of it. YMMV.
100% good reason
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nice ! just sharing - adam blockstream warned the FIAT profittiing shorters not2 fire FIAT bazookas since ftx gone CME deribit and goons may be sell 64million BTCs again
Seems the link is broken for me. Anyone else?
Beautiful graph! I miss your paid newsletter...it was always so insightful.😀
I agree. $25k is such a crucial level right now. Not only is it prior support, but is roughly where the 200 week MVA is sitting! I think if we break $25k and hold it… we hit $30k within a day or two. 🚀
Send it, Willy.
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You're a legend sir!
If only the degens would just buy spot, it would be game over and everyone ones including them!
everyone wins*
This void.cat URL comes up with some security error. At least from McAfee on my ISP
Setup your lightning address ;)
Does this work sort of like RSI? The convergence and divergence component?
Love shot squeezes😁
Willy, I've been in BTC since 2017 and I really appreciate your insights 👍
Can you also share your thought on possibility that Market Makers can also manipulate these data to trap retail traders/investors?
