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Hashrate

Bitcoin price to Hashrate delta ratioHistorically, Hashrate and Bitcoin prices have a strong correlation. When hashrate increases more than Bitcoin price, it indicates a rise in Bitcoin price soon. This indicator uses the formula: Price/hashrate delta ratio = period price delta / period hashrate delta Whenever the ratio between the price and hashrate of Bitcoin is positive, it indicates that the price is increasing at a faster rate than the hashrate. This, in turn, means that Bitcoin is becoming more expensive compared to any variations occurring in the hashrate. Using the Price/Hashrate Delta ratio, we can determine whether Bitcoin is overvalued or undervalued in relation to the hashrate. This can be a helpful indicator for assessing the current market conditions. As we can see on the chart that at certain points, the Bitcoin price could have been considered overpriced or underpriced in relation to the hashrate delta.
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
📈 Bitcoin's Hashrate - Bullish ! 📈Bitcoin's hashrate has become a significant indicator for its future price movements, and the recent surge in hashrate is turning heads. ⛏️🚀 Hashrate Leading the Way Bitcoin's hashrate, the computational power dedicated to mining, has surpassed the price chart, setting the stage for a potential bullish trend. Historically, hashrate surges have often preceded significant price increases, showcasing the link between mining profitability and Bitcoin's value. Miners and Their Commitment One of the key factors behind this phenomenon is the unwavering commitment of miners. The mining industry has become more professional and institutional, with companies investing heavily in infrastructure and technologies. This commitment ensures that mining remains a profitable endeavor, even during market downturns. Why it Matters: A Secure Network Bitcoin's hashrate is not only a price indicator; it's a testament to the network's security. The more computational power is dedicated to mining, the more secure and resilient the Bitcoin network becomes. The Road Ahead: Anticipating a Price Rally With the hashrate leading the way, Bitcoin traders are eyeing a potential price rally. The historic correlation between hashrate and price movements suggests that a bullish trend might be on the horizon. Conclusion: A Strong Foundation Bitcoin's hashrate surge showcases the strength and resilience of the network. As miners continue to invest in mining, Bitcoin's fundamentals remain robust. The interplay between hashrate and price is a promising sign for the cryptocurrency market. ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
BTC Hashrate ATH!🧡 is the strongest its ever been ⚒️🐮💪🏼BTC 🧡 is the strongest its ever been, no missing a beat. Looks like Bitcoin Hashrate is going Parabolic from this angle. We are well above the Mean. 🚀 Probably the most Bullish Sign we've seen all year, considering the health of Bitcoin hashrate is a good place to look before investing into the asset. Bitcoin price could go to zero 0 and it can still function. Bitcoin can't function without a haterate. Miners are fundamental to Bitcoin and the open source culture of digital money. The technology comes from the World 2.0 culture behind it. Thanks to the miners for keeping Bitcoin healthy, consider investing. Lets Go!
BLong
by cryptodefrag
1
XRP Got checked out of the LibraryOK crew, if you've been following my previous XRP "Stick a fork in it" idea, we made some pretty solid moves that really focused on ; A. Scalps and light profit taking B. Wealth preservation and keeping the portfolio in steady growth C. General price directions on the daily, which we nailed gloriously So moving to the new idea here (bonus if you got the library reference) 1. SEC vs. LBRY - Bad news, Google it but long short is that (at the very least) it has an impact on the crypto market at large and especially in the minds of XRP fam. 2. Check out the Core Scientific meltdown and it's effect on BTC hashrate. I've been warning everybody. 3. Clearly somebody knew something which led to the pump starting on the 16th of September. These guys always know and play the inside but I'm sure the SEC is totally going to go after them, lol. After 4 solid days of red candle action, we crescendoed beautifully with a net beatdown drop of just under 35%. Pretty sweet and all in hours of trading. 4. Blood moons - The guys that move markets are total occultists. Look at the way Doge moved running into the culmination of Halloween. Last night's blood moon eclipse and the resulting sell-off is just their way of letting us know who they are and what they're into. 5. On the purely technical side, we're well below our key MA's and with the John Wick candle staring us in the face, that wick is sure to engulf at some point which means lower level buying ops and shorts for those willing to risk handling XRP the wrong way. She can be a cruel mistress and you don't want to pi$$ her off. 6. Look at previous potential Golden Crossings and see how many reversed and never happened on the EMA's for XRP. 7. The Harmonic totally paid out on the short side but we got pretty good results with longing back in at the bottom of the longer term Fib channel / uptrend. Keep an eye on the down fork still in play although I'm still a fan of the engulfment theory. I probably missed a bunch of other stuff but this should do it. We're basically looking to add more on lower buy levels while minimizing and downside to the portfolio here. Good luck my friends! * * * Not investment advice * * *
by FudBox
6
BTC Hashrate new ATHThis has worked without fail in the past as an early warning sign for incoming sell-off. Could this time be different? We should find out tomorrow after CPI data is released, since consensus is mixed across YoY CPI and Core CPI, we could get an unpredictable reaction, although risk-on markets look to be bullish there isn't that much optimism there yet. If this plays out as previously we should expect at least around 10-15% drop on BTC from current 22k level
BShort
by gigisulivan
1
BTC Turning Point and Conformation Via HashRateThe 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
Short
by Skbonesin
Another ATH on BTC HashrateYet another new ATH on Bitcoin's hashrate, which on last occasion many called as a sign for recovery/new bull run and all that hopium you are probably used to by now, but it played out exactly as all ATH's this year with a big sell off. That time even stronger than I expected (you can see my previous trade ideas linked). There was some discrepancy between 27th of April and 1st of May numbers, so on-chain charts had 27th as new ATH others as 1st of May, either way we did go down hard. Yesterday's data is unanimous across platforms including TV chart and comes only after I posted a mildly likely Long scenario yesterday, that considering this Hashrate ATH as much less likely to play out in full. It usually takes 2-3 days after Hashrate ATH for the price to start falling in most cases hitting the most recent daily green candle close or mini top first, hence I think we should see BTC going to around 31.5 at least before what seems like another move down coming despite some mild positivity in traditional markets. Target for the move down is between 23-26k, unless we see more stablecoins trouble again in that case closer to 20k. Of course as always nothing is 100%, even though this has not failed even once over last 6 months pay attention to equities and what happens on them in the coming days.
Short
by gigisulivan
BTC Hashrate new highWe just had a significant BTC Hashrate increase over last 24hs of over 30% bringing us to a new ATH. As highlighted on my chart, last two ATH's were on 1st and 13th of Jan followed by significant drops in BTC price, these were first new highs since April 2021 after which we've seen a strong move down. While this analysis considers only recent changes in hashrate this is something that should not be ignored especially in current macro and geopolitical situation, being another bearish confirmation for the coming weeks. My target area for this short move would be between 29.5-35k, but could easily be followed by further lower lows in this down trend that get's only stronger. See my other analysis linked for BTC down trend continuation.
COINBASE:BTCUSDShort
by gigisulivan
ANY Sphere 3D Hashrate computing power !!Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power. Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day. MARA Market Cap 5.036Bil vs ANY Market Cap 254Mil MARA 10.37 ExaHash vs ANY 5.7 Exahash Based on the fundamentals above, see 10X upside potential for ANY from here! My price target is 7usd by the end of the year and 12usd by the end of february.
NASDAQ:ANYLong
by TopgOptions
OLB is Micro MinerOLB is a micro cap miner. Their market cap is <$40m while it *should* be 5-7x this per other miner valuations like MARA, RIOT, BITF, HUT, etc. They have 600 rigs in operation and it will go grow to 1000 by the EOY. SDIG who recently just went public has 3000 miners operating and has a market cap of $500M… OLB is 1/3 the rigs but greater than 1/10th the market cap. OLB has 24000 rigs that they are ordering soon per their releases - they aren’t going to own the hash rate but they are going to hodl, have an underlying e-commerce business, and are growing their mining capacity and aggregate hash as their data centers get built. I am long this security long term until bitcoin pulls back. x
NASDAQ:OLBLong
by wesxsae
ANY Sphere 3D Corp. Most undervalued Bitcoin MinerSphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power. Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day. MARA mk cap is 4.34Bil vs ANY Market Cap 464Mil. MARA 10.37 ExaHash vs ANY 5.7 Exahash I see a 400% upside potential for ANY from here!
NASDAQ:ANYLong
by TopgOptions