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Is this leading indicator pattern with Bitcoin

(Last Updated On: April 10, 2020)

Does anyone see this metric as a potential leading indicator for price direction. In this chart, the normalized Bitcoin price is red with the mystery parameter metric in blue. This mystery parameter is normalized as well. Time frame is also 5 minute data.

Does anyone see a predictable leading indicator pattern here with this mystery indicator in blue? Let me know what you think. Thanks

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P.S. I CANNOT find any indicator or metric coming off the blockchain is not really predictable or I cannot find a consistent leading indicator pattern against current market price

Price is Red.

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