The (psychological) koersindicator tell if the Bitcoin bull market will begin

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The great thing about bitcoin is that it is a public ledger, and that the data is not accessible to everyone. Due to this transparency, it is the recording of financial flows possible, and we will know more and more about the behavior of other people.
This leads to the interesting indicators, as an indicator of the sentiment in the bitcoin market, know how to catch it.
In this article, we will look for a driver with a psychological turning-point showing in the SOPR.

Contents

SOPR-indicator

SOPR is to: Spent, Output and Profit Rate. And in fact, it is based on a very simple idea: how to calculate the actual output of the transaction.
This is the ‘realized value ” in dollar value, divided by the value of the currency at the time the output is created. Or, even more simply: sale price divided by the purchase price.
When the SOPR is greater than 1, it means that the people behind this spent the outputs’ gain was made. The same applies vice versa, of course, is the same: it is less than 1, then it is there loss.
Through all of the data on the blockchain is publicly available) in a graph, and plot, and an outline of the current market. That looks like the following:

The yellow line shows the value of the SOPR indicator. This is almost always 1. The bitcoin price is shown in blue.
The value is in the above picture is not real, but just a few months ago.
At first glance, you will probably not be of much use. However, if you are in the chart, have a look at it, there are a variety of conclusions can be reached.

Bull market and bear market

First of all, the average SOPR is almost always around 1. Secondly, there is the case of a rejection, as soon as the value of the SOPR below are the 1 going to be in a bull market.
In a bear market, there is a rejection, as soon as the value is above 1.
“Reject” is a term used to show that the indicator is not a point, want to shoot, in this case, it’s 1.
The SOPR alternatively, it can be used to make tops and bottoms in the future. This gives the following picture:

The SOPR and the value of 1.0 is reached, it will be for you a top or a bottom in the bitcoin carrier graph of Bitcoin. For the long-term, this indicator is an extremely reliable and proven.
However, at the beginning of a bear market (the red areas), it has not proved to be smart in order to your trading strategy this indicator is based on. In this situation, it is far too unstable.
People are, in general, be much more comfortable if they have their assets at a profit to sell it.
In a bear market, when the SOPR (1 drop, sales people are at a loss and, therefore, they are reluctant to do so. It can be to make sure that there is a lot of emotional decisions have to be made.
There are two aspects in which this indicator is used:
The SOPR lets you see when a bull run will start
The SOPR demonstrates that the market in 2018 and to be very heavy, like they never have before.

Bitcoin in 2019

The reason for this article was a tweet from NebraskanGooner. It shows that it is a slightly modified version of this indicator, it is a very interesting pattern to show.
The aSOPR hangs for some time at the top of the 1. As soon as there is a disclaimer, and it returns the value 1, it means that the bull market will continue for a while to work.

If the price of Bitcoin will soon be a time down the shoots, and the SOPR in 1.0 to test it (and being rejected), this is the perfect time to buy.
In order to gain access to the indicator you can go to the web site of the marktvorser Glassnode to go. They provide a variety of on-the-chain indicators, such thus, the SOPR.
Source: unconfiscatable, glassnode

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