ðBlockchain Fundamentals - PUELL MULTIPLE! by Cryptorhythms
Intro
The PUELL MULTIPLE! is a way to gauge market cycles from a mining profitability / compulsory sellers' perspective. It takes total miner revenue and adjusts by its yearly moving average. Calculation = mining revenue / 365-day simple moving average of mining revenue.
(The indicator is written that way in all caps at the request of its Creator David Puell)
Still over half a dozen blockchain based indicators to come (follow me and dont miss them!)
IS THE BOTTOM IN ?
The PUELL MULTIPLE! seems to suggest it is. With an insanely accurate call history this is a long term bitcoin maximalists dream indicator. You're welcome!
Extras
As usual we took care of you with some selectable options for the MA type and length so you can experiment.
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Seriously cool, you are a gentleman and a scholar, thanks!
khaiezanie
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Yes
tc939696
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Hello !! May I have access to this indicator ?
lofitrend
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how could we perform same calculations for any forex (currency) pair?
theheirophant
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@Zen1tsu, hi mate, its not possible since this is calculated using bitcoin's blockchain based data which is unique to crypto markets, and not found in traditional finance