memotyka9009

Updated BTC Cycle Targets and Dates

Long
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
In this chart I have used logarithmic regression to identify cycle tops and bottoms in BTC . Using the hypothesis of lengthening cycles, I have 3 price targets for a cycle top in mid-to-late 2022. With the current weighting of my regression, it shows that BTC is undervalued right now, with the fair value shown using a blue line.

Comments

Would be great if you add it as script on Tradingview, and then people can add it from your profile

Great work.
Reply
@kxa5111, added
Reply
Hey there, great work and thanks so much for putting it out there! Any possibility you could share the logarithmic regression script with me?
Kind regards
Reply
memotyka9009 CleanTrades
@CleanTrades,

study("Logarithmic Regression (Weekly)", overlay=true)
x = bar_index

lower1 = exp( (-17.597-1.5*0.136) + 4.191*log(x) )
lower = exp( (-17.4597) + 4.191*log(x) ) // slightly changed slope coincides with 200 MA weekly
lower2 = exp( (-17.597+3*0.136) + 4.191*log(x) )

upper1 = exp( (-9.4829-1.2*0.275348) + 3.1838*log(x) )
upper = exp( (-9.4829) + 3.1838*log(x) )
upper2 = exp( (-9.4829+1.2*0.275348) + 3.1838*log(x) )

fair = exp( ((-17.597) + 4.191*log(x))*.58 + ((-9.4829) + 3.1838*log(x))*.42 ) //BEST

l1 = plot(lower1, color=color.green)
L = plot(lower, color=color.teal)
l2 = plot(lower2, color=color.green)
intrinsic = plot(fair)
u1 = plot(upper1, color=color.red)
U = plot(upper, color=color.maroon)
u2 = plot(upper2, color=color.red)

fill(intrinsic, l2, color=color.blue)
fill(l2, l1, color=color.green, transp=80)
fill(u1, u2, color=color.red, transp=80)
Reply
doobrez memotyka9009
@memotyka9009, hi i tried creating this script altho im getting some errors, do you have any idea whats wrong
Processing script...
Error: Undeclared identifier `bar_index`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `x`;
Error: Undeclared identifier `lower1`;
Error: Undeclared identifier `color.green`;
Error: Undeclared identifier `lower`;
Error: Undeclared identifier `color.teal`;
Error: Undeclared identifier `lower2`;
Error: Undeclared identifier `color.green`;
Error: Undeclared identifier `fair`;
Error: Undeclared identifier `upper1`;
Error: Undeclared identifier `color.red`;
Error: Undeclared identifier `upper`;
Error: Undeclared identifier `color.maroon`;
Error: Undeclared identifier `upper2`;
Error: Undeclared identifier `color.red`;
Error: Undeclared identifier `color.blue`;
Error: Undeclared identifier `color.green`;
Error: Undeclared identifier `color.red`
Reply
@doobrez, I'm not sure. Somehow the variables are not being recognized. I just added the public script to my channel, but it is basically the same thing.
Reply
can you make a logarithmic chart for eth? Do you have this available for public? would really appreciate it hank you
Reply
memotyka9009 alienlmtlss
@alienlmtlss, I can email you txt files of the scripts if you want. I have an updated regression for weekly BLX and another for daily ETHUSD Poloniex.
Reply
tavicrypto memotyka9009
Hi @memotyka9009, Thanks for the script. I am trying to use the script but I am getting the lines in reverse. Do you have a new one for BTC and ETH ? thanks in advance
Reply