I find this interesting to look at here and there. It can only be used on the daily candle because of the data being done once daily. You will need to use BLX as the asset with 1 day candle time frames. You will find it has a great correlation with highs and lows. This is not to be used for trading indicators but as a reference. You can also take a look at google trends and see that we have moved into the 90s this month from around 80 for google trends "bitcoin" search. If you look at the monthly data it shows we are still at a downtrend for searches but march has still not populated into results! Be safe dont FOMO. Take your time to learn your own strategy based on your own risk tolerance. Risk management is key take the time and watch some of the new videos here in tradingview under "shows"
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.