In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.
This indicator uses a colour heatmap based on the % increases of that 200 week moving average.
Depending on the month-by-month % increase of the 200 week moving average, a colour is assigned to the price chart.
How It Can Be Used
The long term Bitcoin investor can monitor the monthly colour changes. Historically, when we see orange and red dots assigned to the price chart, this has been a good time to sell Bitcoin as the market overheats. Periods where the price dots are purple and close to the 200 week MA have historically been good times to buy.
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