The short term bubble risk (STBR) is defined as the ratio of the price and the 20-week simple moving average (20W SMA). The 20W SMA normally provides a single weekly datapoint but for this chart we use the latest moving average value for a given week to fill datapoints for the entire week. This way we can display daily data instead. A value of less than 1 is bearish (price is below the 20W SMA), 1-1.25 is business as usual, 1.25-1.50 means heating up, 1.50-1.75 is risky, 1.75-2 is super risky and greater than 2 means that a bubble pop is imminent. A value of 2 implies that the price is 2 times the value of the 20W SMA. Video by Benjamin Cowen.
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