The Hashrate Lines are messed up, more to provoke thought. I encourage you to explore this relation on your own terms.
Blue = HashValley
Orange = HashPeak
Theory:
Orange signals end of run up
Blue signals end of run down
Blue -> Orange = Upwards
Blue -> Blue = Double bottom
Orange -> Blue = Downwards
Orange -> Orange = Double peak
Characteristics:
During bull market parabolic
movement is towards the
upside, the opposite can be said
for the bear market.
what this means for this chart is
that the price movement
from blue to orange and vice versa
will not always be the same shape.
The distance between
peaks and valleys also determines
what would be (if the price movement
were a parabola) the a coefficient
(the variable which stretches
a parabola along the y axis)
I would describe this relationship as
inverse, ie: as distance increases
points of interest (within a
set tolerance), coefficient a
approaches 0
These HashRate peaks and valleys are picked by hand, though you could probably come up with a formula to do this yourself
Blue = HashValley
Orange = HashPeak
Theory:
Orange signals end of run up
Blue signals end of run down
Blue -> Orange = Upwards
Blue -> Blue = Double bottom
Orange -> Blue = Downwards
Orange -> Orange = Double peak
Characteristics:
During bull market parabolic
movement is towards the
upside, the opposite can be said
for the bear market.
what this means for this chart is
that the price movement
from blue to orange and vice versa
will not always be the same shape.
The distance between
peaks and valleys also determines
what would be (if the price movement
were a parabola) the a coefficient
(the variable which stretches
a parabola along the y axis)
I would describe this relationship as
inverse, ie: as distance increases
points of interest (within a
set tolerance), coefficient a
approaches 0
These HashRate peaks and valleys are picked by hand, though you could probably come up with a formula to do this yourself