Bitcoin indicators with a “perfect” history just tell you to buy on dips

MicroStrategy may be as smart as ever to “buy” Bitcoin (Bitcoin) As an indicator with a “perfect” history tells traders to buy.

in a tweet On June 15th, popular analyst Corgana marked a bullish signal for the oscillator of the Bitcoin to stablecoin ratio.

Buy dipping sauce or mind the whale?

After the micro strategy Announced plan In order to raise another 1.5 billion US dollars, the proceeds can be used to buy Bitcoin, BTC/USD consolidated the support of 40,000 US dollars.

This move was praised by both sides Elon Musk And investors Paul Tudor JonesCompared with the previous 1%, the latter now claims a 5% BTC position.

Currently, the Bitcoin to stablecoin ratio oscillator predicts a classic buying opportunity, even at a new local high.

Oscillators measure the number of bitcoins on the exchange relative to the number of stablecoins. According to Garner, when the moving average of this ratio enters the lower limit, shown in green on the accompanying chart, it is time to enter BTC/USD.

The Bitcoin and stable ratio oscillator highlighting the buy point.Source: Corgana/Twitter

Since 2019, this indicator has never failed to capture Bitcoin’s bullish uptrend.

“The perfect BTFD hit rate since 2019, it just printed another buy signal,” Ghana commented.

Nevertheless, Ki Young Ju, CEO of CryptoQuant, the on-chain monitoring resource that produces this indicator, sounded the alarm for a new round of selling that might occur this week. He said that this may come from Bitfinex, where one of the whales has accumulated a large amount of short positions.

“If dumping happens again, it may come from Bifinex,” Ki tell Twitter fans.

“After the plunge, most exchanges digested most of the BTC inflows. With the exception of Bitfinex. All eyes are on the Finex Whale.”

The Bitcoin Unexecuted Volume Index as of June 11. Source: Ki Young Ju/ Twitter

Traders pay attention to “MicroStrategy Fractal”

At the same time, MicroStrategy’s investment in Bitcoin is enough to boost the market by itself.

related: As indicators turn bullish, Bitcoin price may reach $85,000 within a few months — report

As pointed out by Filbfilb, the co-founder of the trading suite Decentrader, MicroStrategy buying has an incredible timing when the BTC spot exchange rate is high.

He told subscribers of his Telegram trading channel on Friday that this is more of a “fractal” rather than a random relationship.

In the fundraising announcement, CEO Michael Saylor continued to speak out about Bitcoin, winning an important platform on social media.

“If you invest 5% of your portfolio in Bitcoin, you decide to invest 95% of your portfolio in assets that are eliminated by Bitcoin,” he said Responded Tudor Jones.