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Phi-Deltalytics

SOPR Signal

Phi-Deltalytics  
Fundamental Analysis sentiment Trend Analysis BTCUSD BTCUSDT onchain glassnode sopr onchainanalysis fundamentalstrategy bitcoinforecast sentimentindex
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fundamental sentiment trendanalysis btcusd btcusdt onchain glassnode sopr onchainanalysis fundamentalstrategy bitcoinforecast sentimentindex
The script uses Glassnode's SOPR on-chain data to identify:

1. Sentiment Trends:
- Green circle on bottom (Bullish) -> Investors are selling in profits
- Red circle on top (Bearish) -> Investors are selling in losses
2. Short-term Entries:
- Small green circle on SOPR (Bullish) -> Approaching investor purchase price in bull run -> not willing to sell -> decrease supply
- Small red circle on SOPR (Bearish) -> Approaching break even price in bear run -> chance to get out -> increase supply
3. Potential Trend Change:
- Yellow circle on top/bottom -> Potential trend changing soon
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