An analyst has revealed a pattern in a Bitcoin indicator that may have signaled the cryptocurrency’s recent decline in advance.
Bitcoin Taker Buy Sell Ratio 100-Day EMA Has Seen Rejection From 1.0 Recently
In a CryptoQuant Quicktake post, an analyst explained a relationship between the BTC spot price and the 365-day moving average (MA) and 100-day exponential moving average (EMA) of the Taker Buy Sell Ratio.
The “Taker Buy Sell Ratio” here refers to an indicator that keeps track of the ratio between the taker buy and taker sell volumes of Bitcoin on all derivative exchanges.
When the value of this metric is greater than 1, it means that the taker buy volume is greater than the taker sell volume right now. Such a trend implies the majority sentiment in the sector is currently bullish.
On the other hand, the indicator being under the mark suggests the dominance of the bearish sentiment among the traders as sell orders are outpacing buy orders.
Now, here is a chart that shows the tr
We współpracy z: https://bitcoinist.com/quant-indicator-predicted-bitcoin-top-advance/
