theheirophant

Bitcoin Network Momentum (BNM) and Halving Cycle Projections

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Bitcoin Network Momentum (BNM) and Halving Cycle Projections

Intro

To do your own analysis/follow along, the script is in public library and can be found here. Briefly - BNM is a view created by PositiveCrypto which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin's price. It serves as a leading indicator of Bitcoin bull markets. Sufficiently high levels of value throughput is needed drive bull markets.

Description

Here we can see some correlations in market cycle timing and structure. Of course the question currently, is do we have the needed momentum yet to kick off another bull cycle? I think we will likely be in this range for some time to come. But BNM seems to agree that the bottom is in. I believe there will be rejection soon and another buying opportunity in the 4.4k to 4.9k range.

Ideas

Bull > Bear > Transition cycles. I used the previous cycles to project the next bullrun cycle with price targets.

Abbreviated length
I stupidly typed this up in the publish window instead of my word processor. My computer rebooted and I lost approximately 2k words I had further written. I will not be reconstructing in unfortunately as I have more pressing things to work on. You will have to draw your own conclusions!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out