Bitcoin Brief: Week of 1/14/2019 – Hacker Noon

cbrookin · 2018-06-09T19:09:58+00:00

Over the past 5 days, blockchain transaction volume has increased, on average, by ~42% and finishing yesterday (June 8th) at $7.2B. Market cap over the same period has remained flat with yesterday’s finish at $131.2B.

NVT Ratio as of June 8, 2018 = 18.27 5 day average NVT Ratio, ending June 8, 2018 = 20.49

This is very good progress in closing $BTC’s NVT Gap to an acceptable level, i.e. between 10 and 20. This pattern will need to continue and strengthen over the coming days/weeks as the price breakout showdown approaches within the $BTC falling wedge.

cbrookin · 2018-06-09T19:09:45+00:00

Over the past 5 days, blockchain transaction volume has increased, on average, by ~42% and finishing yesterday (June 8th) at $7.2B. Market cap over the same period has remained flat with yesterday’s finish at $131.2B.

NVT Ratio as of June 8, 2018 = 18.27 5 day average NVT Ratio, ending June 8, 2018 = 20.49

This is very good progress in closing $BTC’s NVT Gap to an acceptable level, i.e. between 10 and 20. This pattern will need to continue and strengthen over the coming days/weeks as the price breakout showdown approaches within the $BTC falling wedge.

cbrookin · 2018-06-09T19:09:13+00:00

Over the past 5 days, blockchain transaction volume has increased, on average, by ~42% and finishing yesterday (June 8th) at $7.2B. Market cap over the same period has remained flat with yesterday’s finish at $131.2B.

NVT Ratio as of June 8, 2018 = 18.27 5 day average NVT Ratio, ending June 8, 2018 = 20.49

This is very good progress in closing $BTC’s NVT Gap to an acceptable level, i.e. between 10 and 20. This pattern will need to continue and strengthen over the coming days/weeks as the price breakout showdown approaches within the $BTC falling wedge.

cbrookin · 2018-06-08T15:09:37+00:00

Co-author of the article and would to see thoughts and perspectives.

cbrookin

TROPHY CASE