Bitcoin Network Momentum

source: charts.woobull.com
.

Notes

Network Momentum 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 to bitcoin price, in that we need high levels of value throughput to drive the bull market. This indicator is experimental.

Note that Network Momentum, if it was corrected for Bitcoin`s expanding token supply, would essentially be Bitcoin Velocity. In other words an inverse chart of NVT Ratio.

Note that Liquid, Bitcoin`s first sidechain, went live 10 Oct 2018, taking volume off the main chain. Thus we can expect on-chain value throughput after this date to differ from previous baselines.

Data Source

Data for BTC value transmitted by the blockchain via Blockchain.com. This is an estimation, Blockchain.com use their own proprietary estimation method.

Related Articles


Bitcoin Investment Charts

Bitcoin NVT Ratio
Bitcoin's PE ratio. Detects when Bitcoin is overvalued or undervalued.

Bitcoin NVT Signal
NVT Ratio optimised to be more responsive, useful as a long-range trading indicator.

Bitcoin Network Momentum
A leading indicator on Bitcoin price based on volume throughput through the blockchain (experimental).

Bitcoin Mayer Multiple
Trace Mayer's ratio to measure Bitcoin price in relation to its historical movement.

Bitcoin Risk-Adjusted Returns
Compares Bitcoin ROI, adjusted for its risk, to other assets.

Bitcoin Volume vs Network Value
Volume transmitted by Bitcoin's blockchain tracks very closely to its Network Value.

Bitcoin Economic Properties

Bitcoin Volatility
Bitcoin volatility trend, compares to FOREX, also traded volume.

Bitcoin Volatility vs Other Asset Classes
Compares Bitcoin volatility to other asset classes.

Bitcoin Money Supply vs USD
Is Bitcoin trending towards a world reserve currency?

Bitcoin Velocity
Is Bitcoin trending towards payments or savings/investments?

Bitcoin Network Properties

Bitcoin Network Properties
Tracks Bitcoin's utility value, security, and valuation over time.

Bitcoin Segwit Adoption
Track the adoption of Segwit.

Bitcoin Network Throughput
Bitcoin's throughput in transactions, payments, and USD value per second.

Bitcoin Congestion
User-centric metrics tracking network congestion, e.g. payment fees, confirm times.

Bitcoin Hash Price
Price per hash tracks the Bitcoin's mining hardware capabilities over time.

Bitcoin Outputs per Tx
Tracks how many outputs are packed into each Bitcoin Transaction.


Woobull Charts

: Author : @woonomic

BTC Tipjar : 3E7zw9kNkBj6MJ6N5Z9t8s2xWYRiGF2Cnb

Woobull.com