This is roughly plotted BTC road map to the next All Time High. It is based on the lengthening cycles. 2021 will be a great year to accumulate more BTC. 2022 and 2023 will be the year of BTC... Note that how crucial role the gray line will play, it is a multi year trend line which we have broke down on March this year.
The coming down move on BTC(the red arrow)...
Based on Neowave rules, It seems like Bitcoin has begun the last wave up of a diametric pattern. This wave could take us over 200k by the end of 2022, possibly as high as 1 million! After wave-(G) is complete, we could either see a multi-year correction (which could last up to 12 years) OR we could see an x-wave which will only take a couple years to complete,...
For USA (dollar-priced assets):
CPI ticker: FRED:CPIAUCSL
Calculate ratio R:
R = ( y / FRED:CPIAUCSL) where y is the current value
Calculate real price:
Asset symbol * R
Example: calculate real price of Comex gold futures (COMEX:GC1!)
'COMEX:GC1!' * (256.16 / 'FRED:CPIAUCSL')
1) Sometimes it is necessary to put symbol names in 'quotation marks' when...
I know, I know, it's been a long time and I am way overdue for an update of the One Coin to Rule Them All chart. TV not being really designed to draw maps and stories on charts, it's a tedious process and I've been heavily procrastinating on doing so. Moreover, Bit's adventures have been ported to a webcomic so I have even less of an incentive to make...
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
As my title indicates, this plot highlights facts above all:
- Bitcoin price follows "Square Root" channels (SQRT function)
- All with an alternation of local Dips (each time higher than the previous ones) and new All Time High (ATH)
- These cycle Dip always materialize by an RSI 14 under a value of 34, showing an oversold (see my analysis of 2018-12-18 in link...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...
Here i present an updated version of what was a very popular chart shared back in May of 2017, highlighting the market cycles bitcoin goes through, and how I thought we would see a $c.20k top on the current run before a significant reversion. Please check this out in the attached.
I use that chart as my framework for BTC and this represents an update to that...
Bitcoin Halving :
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50...
I used two of my favorite indicators (Logarithmic Regression or non-linear regression) and Stock to Flow to measure the value and range of Bitcoin. Hopefully it will be useful as we look towards the future.
I hope you are fine you and your family during this hard period.
I just finished to program ( and adjusted ) the Stock To Flow Indicator, rainbow version, created by PlanB / 100trillionUSD.
You can find it by searching " Bitcoin Stock To Flow Rainbow " in the indicators list.
What the hell is Stock to flow ?
I will use the words of the...
By using 50 length weekly bollinger bands, set at Standard Deviation 1, I was able to make a channel that determines whether bitcoin is in an uptrend, downtrend, or neutral. Currently, it looks like bitcoin is still neutral, and with low volume I believe a big move is coming. I am thinking it will probably break out and test $12-14K to trap both bears and bulls...