The Trololo trend Line that worth paying attention
Special thanks to TROLOLOLO!
The Trololo or TROLOLOLO Line that worth paying special attention: The concept of "trolololo trend line" was created by someone in bitcointalk.com call trolololo back in 2013/2014 when BTC was under 200.
This trend line seems to be a Logarithmic growth trend that only takes into account the Bitcoin fair valuation , but not the total market cap fair valuation.
Other popular trololo's trend lines pay only special attention to the TMC. They are also a good guide to understand overvaluation/undervaluation of BTC price. You can follow Marc De Mesel or Tommy world power both on youtube or twitter. They have done a great job over last few years updating the chart.
On the the previous Bear market, BTC bottomed at 198 (lowest price right before the bull run), while the trololo trend line was at 174, which was roughly 12% overvaluation from BTC.
BTC is currently trading at 3536 while the trololo trend line is at 3545; or Fair valuation of BTC
Last time these two prices were this close to one another was the week of March 20, 2017 when BTC found low at 891 and the trotolo trend line was at 890. After that, BTC continued the up trend.
Another scenario was the week of August 01, 2016: BTC found low at 465 while trololo line was at 490. Then BTC continued the uptrend
Both of the two scenarios mentioned above triggered an up trend.
Even on the week of Dec 10, 2018, when BTC found low at 3122 while the trololo trend line was at 3264 (or 4.5% under valuation), market saw a big surge in BTC price up to 4198 the next following weeks leading to new year.
How seriously BTC will be undervalued compare to the trololo logarithmic growth is the big question.
When we know BTC has never traded more than 4.5% ( week of Dec 10 2018) below the trololo trend line.
As of today 1/27/19, any price of price below 3545 will only increase substantially undervaluation.
References
"Cripters" created the built in trololo line on tradingview
Marc De Mesel
Tommy Wolrd Power
Trolololo at Bitcointalk.com
The Trololo or TROLOLOLO Line that worth paying special attention: The concept of "trolololo trend line" was created by someone in bitcointalk.com call trolololo back in 2013/2014 when BTC was under 200.
This trend line seems to be a Logarithmic growth trend that only takes into account the Bitcoin fair valuation , but not the total market cap fair valuation.
Other popular trololo's trend lines pay only special attention to the TMC. They are also a good guide to understand overvaluation/undervaluation of BTC price. You can follow Marc De Mesel or Tommy world power both on youtube or twitter. They have done a great job over last few years updating the chart.
On the the previous Bear market, BTC bottomed at 198 (lowest price right before the bull run), while the trololo trend line was at 174, which was roughly 12% overvaluation from BTC.
BTC is currently trading at 3536 while the trololo trend line is at 3545; or Fair valuation of BTC
Last time these two prices were this close to one another was the week of March 20, 2017 when BTC found low at 891 and the trotolo trend line was at 890. After that, BTC continued the up trend.
Another scenario was the week of August 01, 2016: BTC found low at 465 while trololo line was at 490. Then BTC continued the uptrend
Both of the two scenarios mentioned above triggered an up trend.
Even on the week of Dec 10, 2018, when BTC found low at 3122 while the trololo trend line was at 3264 (or 4.5% under valuation), market saw a big surge in BTC price up to 4198 the next following weeks leading to new year.
How seriously BTC will be undervalued compare to the trololo logarithmic growth is the big question.
When we know BTC has never traded more than 4.5% ( week of Dec 10 2018) below the trololo trend line.
As of today 1/27/19, any price of price below 3545 will only increase substantially undervaluation.
References
"Cripters" created the built in trololo line on tradingview
Marc De Mesel
Tommy Wolrd Power
Trolololo at Bitcointalk.com
Comment:
The trololo trend line is current at about 1% a week. The curent estimate weekly Fair value of BTCUSD according to the trend line is 3628. This week high is for BTCUSD is 3652. BTC has never traded to far below this trendline.
Comment:
Comment:
March 11 2018 update
BTCUSD is +2.87 above the trendline: current price btcusd 3906, and trendline price is 3797. BTC has never fall more than 5% below the the trololo trendline
I will be updating this chart weekly or biweekly
BTCUSD is +2.87 above the trendline: current price btcusd 3906, and trendline price is 3797. BTC has never fall more than 5% below the the trololo trendline
I will be updating this chart weekly or biweekly
Comment:
3/17/19
BTCUSD is +3.02% above the trend line: current price btcusd 3956, and trendline price is 3840. BTC has never fall more than 5% below the the trololo trendline
BTCUSD is +3.02% above the trend line: current price btcusd 3956, and trendline price is 3840. BTC has never fall more than 5% below the the trololo trendline
Comment:
3/17/19
BTC price still trending above the trololo trend line as of 3/17/19: Price is 3956 or +3.02% from trend line , trend line is at 3840.
We can expect before to find strong support between 3648-3840, since btcusd have never been traded more than 5% below the trend line.
Current rate of growth of the trend line is 1.13%. So next price target for the trend line is approximate 3883.
If BTCUSD decides to maintain a gab of 3% or higher, we could expect btcusd to close at 4000, which will be +3% from 3883
BTC price still trending above the trololo trend line as of 3/17/19: Price is 3956 or +3.02% from trend line , trend line is at 3840.
We can expect before to find strong support between 3648-3840, since btcusd have never been traded more than 5% below the trend line.
Current rate of growth of the trend line is 1.13%. So next price target for the trend line is approximate 3883.
If BTCUSD decides to maintain a gab of 3% or higher, we could expect btcusd to close at 4000, which will be +3% from 3883
Comment:
Sunday 3/24/19 @0800PM ET
BTC price is still trending above the trololo trend line as of 3/24/19 at 0800pm ET: cuurent price is 3971 or +2.26% ABOVE the trend line. Trend line is at 3883.
We can expect to find strong support between 3690-3883, since btcusd have never been traded more than 5% below the trend line.
Current growth RATE of the trend line is 1.13%. So next price target for the trend line is approximately ~3927.
If BTCUSD decides to maintain a gap of 2.26% or higher, we could expect btcusd to close at 4015 on Sunday 3/31/19, which will be +2.26% from 3927
FOLLOW MY YOUTUBE CHANNEL "SEN CRYPTO"
BTC price is still trending above the trololo trend line as of 3/24/19 at 0800pm ET: cuurent price is 3971 or +2.26% ABOVE the trend line. Trend line is at 3883.
We can expect to find strong support between 3690-3883, since btcusd have never been traded more than 5% below the trend line.
Current growth RATE of the trend line is 1.13%. So next price target for the trend line is approximately ~3927.
If BTCUSD decides to maintain a gap of 2.26% or higher, we could expect btcusd to close at 4015 on Sunday 3/31/19, which will be +2.26% from 3927
FOLLOW MY YOUTUBE CHANNEL "SEN CRYPTO"
Comment:
BTC price is still trending above the trololo trend line as of 5/20/19: Price is at 7856 or +85% from trend line , trend line is at 4198.
We can expect to find strong support between 3990-4200, since btcusd have never been traded more than 5% below the trend line.
Last week, week of May13 2019, BTC was more than 100% from the trololo line
High was 8390 and trololo was at at 4148.
We can expect to find strong support between 3990-4200, since btcusd have never been traded more than 5% below the trend line.
Last week, week of May13 2019, BTC was more than 100% from the trololo line
High was 8390 and trololo was at at 4148.
