Introducing the Bitcoin Difficulty Ribbon. When the ribbon compresses, or flips negative, these are the best times to buy Bitcoin. The ribbon consists of simple moving averages on mining difficulty so we can easily see the rate of change in difficulty. How it the Difficulty Ribbon works This visualisation of
Two approaches to bring bitcoin-days-destroyed into the price domain Okay, so this article is now well overdue given the recent price action. BTC never rests! The last few months have been very productive in terms of discovering new valuation metrics based on on-chain analytics. The recent proposals using coindays destroyed
Let's delve into a mystery of this 2018-2019 bear market that David Puell [https://twitter.com/kenoshaking] and Murad Mahmudov [https://twitter.com/MustStopMurad] and I have been exploring for months... Why does on-chain volume look so bearish while many of our other (to be published) metrics tell a more
NVT Ratio [https://woobull.com/introducing-nvt-ratio-bitcoins-pe-ratio-use-it-to-detect-bubbles/] is a new valuation indicator that I introduced last year based on network fundamentals, namely value flowing through the blockchain. I was delighted to find Dmitry Kalichki [https://twitter.com/Kalichkin] created a much more responsive variation [https://medium.com/cryptolab/https-medium-com-kalichkin-rethinking-nvt-ratio-2cf810df0ab0] which I've
Preface February of this year, I tweeted [https://twitter.com/woonomic/status/835015883051298816] a chart that presented the idea of a PE ratio for Bitcoin, something I temporarily called MTV Ratio before my buddy Chris Burniske [https://twitter.com/cburniske] suggested the less confusing term of NVT Ratio (Network Value[
I wrote previously [https://woobull.com/woos-law-of-bitcoin-user-growth-bitcoins-adoption-curve/] that Google Trends on the search term “BTC USD” is a great way to track the growth of active Bitcoin users. The search “BTC USD” is a proxy for the engagement of active Bitcoin users as they check the daily price. In the
Altcoin volatility proportional to bubble size2016 has been a bull year for privacy coins. Earlier this year we saw mooning of Monero which saw subsequent pumps in other dark-coins including ShadowCash and Navcoin. Then we witnessed a mega-hyped launch of ZCash which peaked at an astounding $5.3k per coin.
Last week I created the Commerce Index [https://woobull.com/the-commerce-index/] as a means to measure a coin’s suitability for general commerce. In a nutshell it tracks the property of liquidity and low volatility. Both consumers and merchants want a currency that is stable and has high enough liquidity