$BTC

BTC Swing Analysis on Daily or Weekly Timeframe

To perform a BTC swing analysis on a daily or weekly timeframe, it is essential to consider some key indicators that can provide valuable information about the market. Among these, the Bitcoin Miner Sell Pressure, the Bitcoin: Exchange Netflow (TOTAL) - All Exchanges and the MVRV (Market Value to Realized Value) Ratio are particularly useful.

The Bitcoin Miner Sell Pressure indicates when miners are planning to sell their mined Bitcoins 1. This can be a sign of selling pressure, suggesting potential price drops. Monitoring this indicator on a daily and weekly basis can help identify long-term selling trends by miners.

The Bitcoin: Exchange Netflow (TOTAL) - All Exchanges measures the net flow of Bitcoins entering or leaving all exchanges 2. A positive value indicates that more Bitcoins are entering exchanges than leaving, while a negative value indicates that more Bitcoins are leaving exchanges than entering. Watching this indicator on a daily and weekly basis can provide insight into long-term buying or selling pressure.

Finally, the MVRV (Market Value to Realized Value) Ratio is an indicator that can help identify market peaks and bottoms 3. Values ​​above 3.7 can suggest a market peak, while values ​​below 1 can indicate a market bottom. Using the MVRV Ratio on a daily and weekly basis can provide valuable insight into long-term market trends.

In summary, to make long-term weekly and monthly forecasts, it is important to monitor these key indicators on a daily and weekly basis. This approach can help identify market trends and make informed decisions about where to take positions.