I was doing some analysis on the 4 hr time frame and managed to square price and time on the daily. Following my opinion on the move down over the next few months I wanted to find some nice entries.
Now if you believe in market energy at all, throw in a little superstition, and have studied the cosmos.. watched a biology doco in your spare time and generally...
Sorry, I didn't know how to do it here on tradingview.
My very smart girlfriend Jixuan Wang used the program R to import and plot the real bitcoin price versus the Metcalfe price:
Orange is real price from exchanges, green is Metcalfe price, which can be calculated from the number of the daily transactions squared:
P = C*...
Wait until it breaks out of the pattern to determine upward or downward movement. 54% breakout upward. After breakout, watch for a busted reversal and jump on the swing for larger movement. The news also seems to be pointing to an upward breakout.
For upward breakouts, target price is $30.51.
For downward breakouts, target price is...