KPEI

Chebyshev's Bollinger Band

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
646 2 1
Using Chebyshev's theorem on Bollingers Lower band. The new plotted standard deviation gives a more realistic view that capture 80% of all price no matter what distribution the price follows.

Really good support line
Would you care to share the code to build the Chebshev Line?
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Everyone likes todo these bear charts right now on BTC... but maybe they are thinking BTC is a stock ? It's a deflationary currency. Going down is something bitcoin has major major problems with... without some cataclysmic event.. if it's not happy, it'll bounce $1200--$1000 for 6 months rather than go down.
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