Never understood how to read the right scale. It's USD value? multiplication factor from local low this cycle was 15kUSD, so 1 is 15kUSD? Or something else?
Discussion
i believe the scale on the right is the multiple achieved that cycle.
Ok, so 1 is 15kUSD? Or something else?
no, the numbers on the right do not represent a dollar value. they represent a multiple of the starting value of the "cycle bottom". so as an example, lets say the starting point of the green cycle was $100 (and correspondingly that is the 0 point on the right hand axis), then the maximum of the green line is around 20, which would mean that the cycle went from $100 to $100*20=$2000.
All cycle bottoms start at the value of 0 multiple on the right hand side of the chart. Does that make more sense?