GBTC Fomo Panic Premium — Indicator by DavidBeckwith

pivotpoints historicalvolatility btc btcusd btcusdt gbtc gbtcpremium

It is rumored that GBTC price action leads the Bitcoin market. This indicator compares GBTC fomo/panic levels to the (Binance) BTC spot market. Fomo is measured as large percentage moves of the high price from the min over a look-back period. Panic is measured as large percentage moves of the low price from the max over a look-back period. A prime example of this indicator's usage would be as a sell signal confirmation during the 2020 pre-Thanksgiving panic exhibited on the 1-hour chart while the 20 EMA was still above the 99 SMA.

You can customize the leading and lagging markets and the length of the lookback period. I would love to hear what parameters, markets and timeframes work for you. Maybe there is a way to leave comments, or hit me up on Twitter: @thirdreplicator

May you profit and enjoy.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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