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Topic: BETI: Bitcoin Exponential Trend Index and technical analysis - page 44. (Read 110400 times)

legendary
Activity: 1792
Merit: 1111
Could you let us know how deep the lows of the 2011 and april 2013 bubbles were below your two trendlines? Percentage wise? How much below are we today?

In 2011 the low was about 0.1x of the trendline

The 2013 July low was exp(-0.31)=0.73x of the trendline

Now we are at about 0.82x


legendary
Activity: 1792
Merit: 1111
We are now 32 days behind, or at 0.82x of the trend line

legendary
Activity: 1792
Merit: 1111
Time to update:

Date:    1-Apr-2014
VWAP:    479.96
x:    1354
a:    0.00606
b:    -1.83009
Rsq:    0.88299
The day's expected price:    584.87
Predicted date for today's price:    27-Feb-2014
Days ahead:    -32.64
Daily price rank:    133
Predicted date for ATH ($1126):    23-Jul-2014
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00605722960118392++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.83009376643144+%29   
legendary
Activity: 2338
Merit: 2106
thx 4 the nice work !
newbie
Activity: 7
Merit: 0
Could you let us know how deep the lows of the 2011 and april 2013 bubbles were below your two trendlines? Percentage wise? How much below are we today?
legendary
Activity: 1512
Merit: 1005


This is all fine and dandy, but...

The exponential trend based on number of users, even a super exponential trend (x^4) due to increased usability with more users, is probably sound and it is what I use for my own long time view. But the line is distorted by speculation (which is the same as foresight).

Personally, I believe that the theoretical exponential line is positioned far below the historical trend, maybe at only one dollar per bitcoin as of now. The reason is that the early adopters including myself, are leaning towards saving, and taking advantage of the implementation phase, but the majority, when they come aboard, will think more of the practicalilty of indirect exchange. After all, a lot of people have only about 1K of USD as ready money.

So even if the exponential baseline is sound, we don't really know the future.
legendary
Activity: 1792
Merit: 1111
Quick update:

The VWAP on 24 Mar 2014 was 570.13, failed to drop below the long term trend at 558.81. The long-trend trend is still growing at about $3.5 per day.
legendary
Activity: 1792
Merit: 1111
legendary
Activity: 1792
Merit: 1111
If we do not go up today, this will be the first day we have a VWAP lower than the trend since the latest bull market

Date: 23-Mar-2014
VWAP: 563.42
x: 1345
a: 0.00606
b: -1.83151
Rsq: 0.88104
The day's expected price: 555.40
Predicted date for today's price: 25-Mar-2014
Days ahead: 2.37
Daily price rank: 118
Predicted date for ATH ($1126): 22-Jul-2014
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.0060603705091609++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.83151091268783+%29   
legendary
Activity: 1792
Merit: 1111
Update:

Date: 16-Mar-2014
VWAP: 633.44
x: 1338
a: 0.00606
b: -1.83066
Rsq: 0.87933
The day's expected price: 531.43
Predicted date for today's price: 13-Apr-2014
Days ahead: 28.98
Daily price rank: 92
Predicted date for ATH ($1126): 23-Jul-2014
   
(See OP for explanation)   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00605847623188982++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.83066363041354+%29   
legendary
Activity: 1792
Merit: 1111


y-axis is ln(price)
Blue line is the daily VWAP
Red line is the expected price of the day. For each day, a regression is fitted with all data of and before that day, so it is not a straight line.
Green line is the current regression line

For the first time, the long-term trend is now over 500
legendary
Activity: 1792
Merit: 1111
Date: 10-Mar-2014
VWAP: 627.64
x: 1332
a: 0.00605
b: -1.82890
Rsq: 0.87778
The day's expected price: 510.67
Predicted date for today's price: 13-Apr-2014
Days ahead: 34.06
Daily price rank: 91
Predicted date for ATH ($1126): 23-Jul-2014

(See OP for explanation)

Expected price of today:

https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00605452401275089++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.82890291502084+%29
legendary
Activity: 1792
Merit: 1111
Date: 28-Feb-2014
VWAP: 564.40
x: 1322
a: 0.00605
b: -1.82535
Rsq: 0.87511
The day's expected price: 477.29
Predicted date for today's price: 27-Mar-2014
Days ahead: 27.72
Daily price rank: 98
Predicted date for ATH ($1126): 25-Jul-2014

Today's expected price: https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00604650351258477++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.82535074209542+%29
   
(See OP for explanation)
full member
Activity: 238
Merit: 100
Thanks guys, great thread and indepth analysis.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Shit its growing by $3 per day and is $150 ahead of us already?

Not sure whether to be happy or sad about that


At rpietilla's is 150 ahead, at OP's is some 100$ below.

Wolfam link: https://www.wolframalpha.com/input/?i=e+%5E+%28+0.006044++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.82447+%29

Thanks mate, that's what we needed here
legendary
Activity: 1792
Merit: 1111
Shit its growing by $3 per day and is $150 ahead of us already?

Not sure whether to be happy or sad about that


At rpietilla's is 150 ahead, at OP's is some 100$ below.

Wolfam link: https://www.wolframalpha.com/input/?i=e+%5E+%28+0.006044++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-1.82447+%29
sr. member
Activity: 448
Merit: 250
Shit its growing by $3 per day and is $150 ahead of us already?

Not sure whether to be happy or sad about that


At rpietilla's is 150 ahead, at OP's is some 100$ below.

Ok then we're right smack in the middle. Maybe that indicates the current trading range Cheesy
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Shit its growing by $3 per day and is $150 ahead of us already?

Not sure whether to be happy or sad about that


At rpietilla's is 150 ahead, at OP's is some 100$ below.
sr. member
Activity: 448
Merit: 250
Shit its growing by $3 per day and is $150 ahead of us already?

Not sure whether to be happy or sad about that
legendary
Activity: 2772
Merit: 1028
Duelbits.com
mccoyspace made an autoupdating link for rpietilla's trendline. We're on 742$ today on his one. Could you use wolframalhpa to make a link like this for your trend?

Post - https://bitcointalksearch.org/topic/m.5391481

Link for trendline price -

https://www.wolframalpha.com/input/?i=10+%5E+%28+%28+3073%2F1000000+%29+*+%28+number+of+days+since+jan+3%2C+2009%2F+days+%29+-+2.909514+%29

It includes price before MtGox opened, which I don't think the data is reliable nor practically meaningful

Could you use your formula on Wolfram so we could have an autoupdated link for yours?
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