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I will invent a new indicator: the Wolfy Wave Index.
This indicator will more directly reflect Bitcoin’s cycle effect than indicators such as the Rainbow Chart, the Fear and Greed Index, ahr999, and others.
When the Wolfy Wave Index is closer to 1 (red), it indicates it is closer to the cycle bull top;
when the Wolfy Wave Index is closer to 0 (blue), it indicates it is closer to the cycle bear bottom.
The related tool website will be launched in two days, so everyone can check the Wolfy Wave Index anytime and in real time.