Bitfinex ETH/BTC Whale Indicator [Benson] by bensonsuntw

This indicator monitors the ETH/BTC position changes of the Bitfinex whales.
When the indicator is on an upward trend, it signifies that the whales are accumulating long positions in ETH/BTC.
Conversely, when the indicator drops sharply, it indicates that the whales are exiting their long positions in ETH/BTC.

Since 2017, the actions of Bitfinex whales have shown a significant correlation with the ETH/BTC exchange rate.
This is because the strength or weakness of ETH/BTC is strongly related to the altcoin season.

Using this indicator effectively can help you identify the cycles of the altcoin season and outperform most of the market participants.

Release Notes:

add deployed BTC

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact bensonsuntw for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

The indicator is currently open for Friend.tech key holders only. DM me for more infomation.

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