Bitcoin · On-chain + macro · Built for analysts who want instruments and a rule

Every chart tells you what happened.These tell you where you are. And the rule.

Proprietary Bitcoin instruments, on-chain, macro, positioning and rotation, on one scale and run through rules I publish, bad years included. Measurements you can check. Verdicts you make yourself.

Start here · free access to the Terminal
Your email is your login. No card. You get the regime read and the free engines today. Upgrade only if the engines earn it.
Prefer the written read first? The weekly report is on Substack →
↳ no hype. just the data talking.
CryptoQuant Verified Author ForeDex Recognized Analyst Cited by Cointelegraph · BeInCrypto · Yahoo News Japan Guest lecturer · Trevisan MBA
The real problem

You're not short on data.
You're short on a scale and a rule.

/ 01

Capital parked, waiting for conviction.

You read ten analysts and end the day with ten opinions. None of them is a rule. So the money sits, and the move happens without you.

/ 02

Instruments that don't talk to each other.

MVRV here, funding there, a macro chart somewhere else. Each one is right on its own. Together they say nothing, because nobody put them on the same scale.

/ 03

Equity curves without the trades.

Everyone shows you the curve that went up. Nobody shows the drawdown, the bad year, the signal that failed. So you can't trust any of it, and you shouldn't.

One more opinion won't fix this. Instruments on one scale, and a rule, will.

The RR Terminal

Four questions. One terminal.
Each engine answers one of them.

Every decision you make comes down to four questions. The Terminal has one engine per question, each on the same scale as the others, so the answers add up instead of arguing. Pick a question.

PRO
01 · VALUATION

Where are we in the cycle?

FREE + PRO
02 · REGIME

Is it safe to be in?

FREE + PRO
03 · POSITIONING

Who is on the other side?

PRO
04 · ROTATION

What deserves the capital?

rrterminal.com · valuation engine
Cycle Z · PRO
free layer shows: regime read + selected enginesopen the terminal →
FREE LAYER

Enough to check the system against your own view.

A login gives you the current regime read and the free engines. You see what the system says this week, every week, at zero cost. That is deliberate: a terminal you haven't read yet isn't worth paying for.

PRO

Every engine, every level, every rule, live.

Valuation, regime, positioning and rotation with their live signals and the rules written down. What I use to decide is what you see. New engines ship into PRO as they pass validation.

Proof, ugly years included

Everyone shows the equity curve.I show the drawdown.

liveMAX DRAWDOWN · LEGIO · ON THE RECORD, INSIDE THE TERMINAL
Every signal timestamped before the move, not after.
Every bad year stays in the record. Nothing gets rebased.
The drawdown updates as the system trades. It is never a number I typed.

My systems do not avoid losing. They avoid the loss you never recover from. Regime filters, rotation and a cash rule cut the left tail of the distribution, and I publish the years they performed badly next to the years they didn't.

That is the whole promise. You can see exactly when the rules were wrong, what they did about it, and decide for yourself whether that is a system you would run money through. The live track record is inside the Terminal, where it updates on its own.

Past performance does not predict future results. These systems performed poorly in some regimes and will again. Nothing here is financial advice.

How you use it

Log in. Read the regime. Set your rule.

01 · FREE LAYER

Log in, no card.

Your email is your login. You get the current regime read and the free engines the moment you're in.

02 · CHECK

Compare it with your own view.

Open it whenever you're about to decide. If the system disagrees with you, that is exactly the moment it pays for itself.

03 · PRO WHEN IT EARNS IT

Upgrade for every level and every rule.

When you need the valuation and rotation engines with their live signals, go PRO. Not before. The free layer exists so you can judge the system first.

RR Terminal · PRO

A year of the full system, price locked.

  • Every engine, every level, every live signal
  • The rules behind the weekly report, written down
  • New engines as they pass validation, at no extra cost
  • The Field Manual: how to read each engine before you risk a dollar
  • Your price never goes up while you stay
$490 / year
TWO MONTHS FREE VS MONTHLY · $49/mo
Open the Terminal →
Start on the free layer. Upgrade when the engines earn it.
Everything I publish

Pick the depth you need.

CENTER

RR Terminal

The four engines, live. Free layer with the regime read and the free engines, PRO for the full stack.

Open free →
WEEKLY

Weekly Intelligence Report

The read of the week on Substack: the models, the levels and my positioning, for paid subscribers.

Subscribe →
DEEP

Mentorship

Small cohorts. I teach the system, you build your own criteria. Terminal PRO included for the year. Next cohort announced to subscribers first.

Waitlist →
SOON

Instruments, à la carte

The individual indicators behind the engines, sold one by one, for the analyst who wants a specific instrument without the full terminal. Subscribers hear first.

coming
START

On-Chain Ebook (PT-BR)

The foundations of on-chain analysis, in Portuguese, on Amazon.

Amazon →
Who's behind it
Leonardo RugaLEONARDO RUGA · @RugaResearch

The market reacts to price.I measure what moves it.

I'm Leonardo Ruga, a Brazilian on-chain and quantitative analyst. I build the engines that run the RR Terminal and I write the weekly report from what they say. I don't tell you where Bitcoin is going. I show you what is being measured, how the rules respond, and where they have been wrong.

CRYPTOQUANT
Verified AuthorVetted analyst publishing on-chain research on CryptoQuant, the leading on-chain data platform. My Quicktakes are picked up by CryptoQuant's own channels and by the press.
FOREDEX
Recognized AnalystAnalyst partner at ForeDex, a data-analytics platform for derivatives and market structure, where I publish funding, liquidation and positioning reads.
PRESS
Cointelegraph · BeInCrypto · Yahoo News JapanMy reads get quoted when the data says something the narrative hasn't caught yet.
TREVISAN MBA
Guest lecturerClasses on advanced on-chain analysis for MBA students at Trevisan Escola de Negócios.
Start here

Open the free layer.Decide about PRO after the engines earn it.

Your email is your login. No card.