Domchi
Long

Let's draw a line on a log scale graph

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
817 9 5
I've been intrigued by the Reddit post about the average 0.59% daily increase in price on log scale ( http://www.reddit.com/r/Bitcoin/comments/1q59k1/bitcoin_4yr_log_chart_and_future_trend_courtesty/ ), and tried to recreate it on TradingView chart. The price increase obviously can't continue following this graph forever, but I'm wondering how long it will. I also notice one other interesting thing here: BTC price is above baseline only for the last two weeks. The Chinese bubble might still have quite a way to go to earn being called a bubble on a log scale.
Nice chart, thanks. Did you draw the line yourself or is it an actual average?
Reply
I drew it as accurate as I could get it to connect dollar values and price trend, but it's not calculated average. It's pretty close to the line the guy from Reddit drew, and I think he did draw it based on calculated average at least for the trending period he mentions.
Reply
PW Domchi
I see, thanks Domchi. Yes quite possible we have a a lot more headroom in this latest move above the trendline.
Reply
Hey guys - here is the best chart of this type I have seen with the best sets yet. If you can figure out how to build it into TV, that would be cool.. http://iv.pl/images/82211820657513718314.png
Reply
Domchi AWatchingA
Hey, this is pretty good. A tiny bit steeper than my chart though, but mine is based on the one on Reddit with R^2=0.84, while yours is R^2=0.9147.
Reply
oops. that is -best data sets yet.
Reply
I was looking for the same thing but based on a youtube post."Why bitcoins growth is normal'
http://www.youtube.com/watch?v=qHUPPYzzZrI
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out