BTC Trading Tips :: Market Cap graphing using the QUANDL dataset

Did you know that a whole heap of Bitcoin related data is available via QUANDL ?
Here you go - https://www.quandl.com/collections/markets/bitcoin-data

All sorts of datasets related to bitcoin markets, trading and mining is available, and better yet - it's nearly all able to be fed into a tradingview chart!

Heres one I made of the BTC Market Cap (ticker QUANDL:BCHAIN/MKTCP) on a weekly timeframe, annotated :)

And a closer look at the current situation with my super technical prediction based on resistance/support points, dwindling momentum and experience in this market.

You can find the full chart here - clone it and make it your own https://www.tradingview.com/chart/OhL4pjwi/

Whilst these aren't helpful in terms of predicting specific price targets, checking these sorts of instruments can be great for giving me a fresh perspective and removing my bitcoin-moon bias. Its far less noisy which can make all the difference to a tired traders mindset and give the extra confirmation/confidence needed to commit to a trade.

Stay tuned for another useful reference chart for the longer cycles - the ratio of gold price to bitcoin price (XAUUSD/BTCUSD)


Follow @ausbitbank for more !
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