Energy Value Oscillator.
Bitcoin's price as a percentage of its Energy Value.
2019 looks VERY similar to the starting characteristics of prior bull runs.
Just need to see that uptick in Hash Rates 🚀
The last time the market was more indecisive was at the start of 2018. Zones of minimal Long + Short positioning have historically coincided with bearish price action during bear markets (opposite is true for bull markets). When undecided, "the trend is your friend" prevails.
I've just put up a live chart of various Bitcoin Valuation metrics for you all.
Live chart: https://t.co/R5k7szUfY5
It features some previously unpublished work, fresh off the press. Much of this new stuff was in collaboration with @kenoshaking. Let's take a guided tour...
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