ETH Cycles On-Chain & Market
In this multi-timeframe chart we look at the current ETHUSD market cycle compared to the previous cycles using both on-chain and market data.
On the main pane is ETHUSD on the weekly scale. On top of the price is a on-chain grid of the ETHUSD realized price multiplied. The solid silver bottom grid line is the ETHUSD realized price with the solid red line on top of the grid being 20x of the ETHUSD realized price.
In addition to the grid you have a secondary visual indicator of the market cycle with three different zones displayed. Red zone indicates start of bear cycle. The yellow zone indicates end of bear cycle and very early bull cycle. The green zone indicates full bull cycle.
On the price scale you will notice the on-chain ETHUSD realized price at 20x level successfully shows peak oversold cycle periods. An investor could use this metric as a market top selling point when the price action is above the solid red line and then crosses under. When reaching the red zone the investor can know the end of the bull cycle is extremely near.
Below the price pane is two additional panes showing custom market cycle RSI values. The first pane shows my DB ZPS RSI indicator set to 4 month timeframe with a length value of 2. The second pane lowest on the chart panel shows a custom zero lag smoothed RSI output for the on-chain realized price.
The investor will notice both RSI panes are very similar. Take note that the top RSI pane is based purely on market data while the second (lower) RSI value is based on-chain realized price. The curves of both RSI panes act as confirmation to each other of the cycle of ETHUSD from the 4 month level.
Both RSI panes use a custom scale with oversold being at 95 plus and undersold at 5 or less. The RSI panes also use a color indicator that is based on a zero lag smoothing of the core value to show no lag changes. Maroon indicates down pressure, blue indicates change in direction building, green indicates upward pressure, orange indicates change in direction building (top forming). An investor could use these RSI values to know when the market top will happen within a 4 month period by looking for a cross under 95 value and a maroon color. The most ideal time to buy for an investor would be when the RSI value is green in color with a less than 5 value or a cross over 5 green value.
The aim of sharing this high level ETHUSD market cycle idea is to give investors an idea of the current and historical market cycles of ETHUSD. If these metrics are correct, we are in the start of a strong bull cycle.
On the main pane is ETHUSD on the weekly scale. On top of the price is a on-chain grid of the ETHUSD realized price multiplied. The solid silver bottom grid line is the ETHUSD realized price with the solid red line on top of the grid being 20x of the ETHUSD realized price.
In addition to the grid you have a secondary visual indicator of the market cycle with three different zones displayed. Red zone indicates start of bear cycle. The yellow zone indicates end of bear cycle and very early bull cycle. The green zone indicates full bull cycle.
On the price scale you will notice the on-chain ETHUSD realized price at 20x level successfully shows peak oversold cycle periods. An investor could use this metric as a market top selling point when the price action is above the solid red line and then crosses under. When reaching the red zone the investor can know the end of the bull cycle is extremely near.
Below the price pane is two additional panes showing custom market cycle RSI values. The first pane shows my DB ZPS RSI indicator set to 4 month timeframe with a length value of 2. The second pane lowest on the chart panel shows a custom zero lag smoothed RSI output for the on-chain realized price.
The investor will notice both RSI panes are very similar. Take note that the top RSI pane is based purely on market data while the second (lower) RSI value is based on-chain realized price. The curves of both RSI panes act as confirmation to each other of the cycle of ETHUSD from the 4 month level.
Both RSI panes use a custom scale with oversold being at 95 plus and undersold at 5 or less. The RSI panes also use a color indicator that is based on a zero lag smoothing of the core value to show no lag changes. Maroon indicates down pressure, blue indicates change in direction building, green indicates upward pressure, orange indicates change in direction building (top forming). An investor could use these RSI values to know when the market top will happen within a 4 month period by looking for a cross under 95 value and a maroon color. The most ideal time to buy for an investor would be when the RSI value is green in color with a less than 5 value or a cross over 5 green value.
The aim of sharing this high level ETHUSD market cycle idea is to give investors an idea of the current and historical market cycles of ETHUSD. If these metrics are correct, we are in the start of a strong bull cycle.
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