Bitcoin: Using On-Chain Metrics To Identify Market Cycle Bottoms

Description

This chart shows the historical backtest of the on-chain risk gauge shown on the Homepage and the Indicator Dashboard. The legend allows you to toggle between the individual risk charts that make up the total on-chain risk. Above the chart you can set the weights of the individual risk metrics and see how it changes the total on-chain risk. A weight of 0 removes the metric from the total on-chain risk calculation and a weight of 0.5 makes it contribute 50% less. By default this chart shows the true average of the underlying on-chain risk values. If you want to map that average back onto a 0-to-1 historical scale, you can toggle the "Re-normalize Average" option above the chart. Usage The historical on-chain risk metric serves as a complementary risk indicator to the original risk metric by using some of the most important on-chain metrics that we offer on our charts page. In this way you can easily check the sentiment across many important on-chain metrics, and use the charts page to dive deeper into the individual metrics. Some individual risk charts provide a unique look to the current stage of the market as well. For example the terminal price risk metric has so far always reached 0 at market cycle bottoms and above 0.9 for market cycle peaks (assuming the most recent significant peak was in April 2021). Into The Cryptoverse Premium SALE : https://intothecryptoverse.com Sign up to get updates about the 1st ITC Conference: https://www.benjamincowen.com/conference For inquiries and to subscribe to the monthly newsletter (free): https://www.benjamincowen.com/ Into The Cryptoverse Newsletter: https://newsletter.intothecryptoverse.com/ Alternative Option: https://www.patreon.com/intothecryptoverse Merch: https://store.intothecryptoverse.com/ Disclaimer: The information presented within this video is NOT financial advice. Telegram: https://t.me/intocryptoverse Twitter: https://twitter.com/benjamincowen TikTok: tiktok.com/@benjamincowencrypto Instagram: https://www.instagram.com/bjcowen/ Discord: https://discord.gg/UGwc6eR Facebook: https://www.facebook.com/groups/intothecryptoverse Reddit: https://www.reddit.com/r/intothecryptoverse/ Website: https://intothecryptoverse.com/