BETI: Bitcoin Exponential Trend Index and technical analysis - page 5.

Majormax

legendary

Activity: 2534

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Quote from: DieJohnny on December 06, 2018, 11:59:42 AM

This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.

I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.

Now I look at it carefully, yes, that is true. A bit worrying, although maybe it can mark a local low on the chart.

A rebound to 5k now would be comforting, but even then, this bear market has a lot longer to run, as it hasn't completed it's work.

Dogboy714

jr. member

Activity: 51

Merit: 11

The range is moving down via a SQRT curve of sorts - we aren't ever breaking zero again and if we touch -.5, sell everything! I like this indicator, but it should somehow evolve away from log and towards a more gradual curve. I patiently waited for another 1.5 on the last run up without realizing this.

Syke

legendary

Activity: 3878

Merit: 1193

Wow, below -1.5. It's been a long time since we've been that low.

Hope_Trader

newbie

Activity: 27

Merit: 1

Quote from: DieJohnny on December 06, 2018, 11:59:42 AM

This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.

I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.

yeah I too am concernced for the new market conditions...

the whole market is different now. Previously it was the early players, the nerds, the tech heads, the believers, and there was buying all the way down. This drop is different... and equity markets may be about to go major bear.

looking for a bounce from here though, how high will be very telling.

shorts on bfx are totally euphoric right now, a strong indication of what the majority of the market thinks about bitcoin. In the same way they thought it would get them rich going up, they will blindly short all the way down, close eyes, and still profit :/

Dogboy714

jr. member

Activity: 51

Merit: 11

We are on a SQRT curve - no worries - the BETI's are gonna fade but can still be an indicator for tops and bottoms...

DieJohnny

legendary

Activity: 1639

Merit: 1006

This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.

I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.

of00160

newbie

Activity: 8

Merit: 1

Quote from: d57heinz on December 05, 2018, 06:24:42 AM

Quote from: mmortal03 on December 05, 2018, 03:45:36 AM

Quote from: of00160 on December 04, 2018, 09:53:23 PM

It is hard to believe but we could be heading over 90% undervaluation soon.

Only if you bought solely at the very top. You can always dollar cost average in.

Yep there will be a lot of those folks. Future bitcoin shillers. I mean someone gotta buy the bags right. That’s what insures bitcoin survives. There’s always a greater fool.

BR

You guys were ahead of the game and had an idea of “overvaluation” and “undervalauation”.
The next dum money wont have any clue how to evaluate bitcoin.
Like some people still dont believe in the bitcoin logarithmic trend line, which going to get them rekt on the next
Bubble.

d57heinz

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Bitcoin Talks Bullshit Walks

Quote from: mmortal03 on December 05, 2018, 03:45:36 AM

Quote from: of00160 on December 04, 2018, 09:53:23 PM

It is hard to believe but we could be heading over 90% undervaluation soon.

Only if you bought solely at the very top. You can always dollar cost average in.

Yep there will be a lot of those folks. Future bitcoin shillers. I mean someone gotta buy the bags right. That’s what insures bitcoin survives. There’s always a greater fool.

BR

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: of00160 on December 04, 2018, 09:53:23 PM

It is hard to believe but we could be heading over 90% undervaluation soon.

Only if you bought solely at the very top. You can always dollar cost average in.

of00160

newbie

Activity: 8

Merit: 1

It is hard to believe but we could be heading over 90% undervaluation soon.

LFC_Bitcoin

legendary

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#1 VIP Crypto Casino

Quote from: Wekkel on November 27, 2018, 06:10:59 PM

Historically a good time to increase BTC exposure. Unless you have given up on the dream of course Cool

NEVER !!!!!

El duderino_

legendary

Activity: 2688

Merit: 13334

BTC + Crossfit, living life.

Quote from: Wekkel on November 27, 2018, 06:10:59 PM

Historically a good time to increase BTC exposure. Unless you have given up on the dream of course Cool

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: Dogboy714 on November 30, 2018, 12:13:24 PM

Here you can see the trending: https://www.tradingview.com/chart/BLX/BfCVXzZv-Patience-will-be-rewarded/

Excellent work! Finally something real-time with the dates labeled.

Dogboy714

jr. member

Activity: 51

Merit: 11

I just meant that other charts have shown that we've been down to -2 in the past, where as this one only shows historical BETI's as low as -1.

Playing around with the function - setting the date to 2008 instead of 2010 just to see where BETI would be at 0 in two years, it looks like around $260,000. Yikes! I doubt we are ever crossing BETI 0 again - I like the -.5 call. Maybe I messed with the function wrong?

Here you can see the trending: https://www.tradingview.com/chart/BLX/BfCVXzZv-Patience-will-be-rewarded/

-.5 might even be a stretch unless we get a serious recovery short-term.

Wilhelm

legendary

Activity: 1652

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Quote from: Dogboy714 on November 30, 2018, 01:25:20 AM

Where is that in the realm of this?

https://imgur.com/ZArJRDS

Check the Y axis.

Dogboy714

jr. member

Activity: 51

Merit: 11

Where is that in the realm of this?

https://imgur.com/ZArJRDS

windjc

legendary

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Quote from: Iris_Colt on November 29, 2018, 04:35:51 AM

Just a quick update...

Date 11/28/18
VWAP $4,098.94
x 3056
y 8.318484
a (slope) historical +0.0032121222
b (intercept) historical -0.0144982009
Rsq historical 0.869245
BETI historical -1.483263
Expected price historical $18,065.28
Actual price / expected price historical 22.68% (kek!)

-2.00 $2,444.87
-1.50 $4,030.91
-1.00 $6,645.84
-0.50 $10,957.15
-0.25 $14,069.25
+0.00 $18,065.28
+0.25 $23,196.27
+0.50 $29,784.61
+1.00 $49,106.52

Price is starting to lag the exponential curve more and more as would be expected at some point in the future. I would expect us to dip below -2.00 this time around and maybe only get to 0 next time as a top (maybe maybe close to +1). But by the time that happens, I'd expect 0 to be ALOT more the 18k that it is currently now.

Iris_Colt

newbie

Activity: 18

Merit: 10

Just a quick update...

Date 11/28/18
VWAP $4,098.94
x 3056
y 8.318484
a (slope) historical +0.0032121222
b (intercept) historical -0.0144982009
Rsq historical 0.869245
BETI historical -1.483263
Expected price historical $18,065.28
Actual price / expected price historical 22.68% (kek!)

-2.00 $2,444.87
-1.50 $4,030.91
-1.00 $6,645.84
-0.50 $10,957.15
-0.25 $14,069.25
+0.00 $18,065.28
+0.25 $23,196.27
+0.50 $29,784.61
+1.00 $49,106.52

Mr.durden?

newbie

Activity: 9

Merit: 0

Who can tell if there were any successful cryptocurrency technical analysis examples in the past? I mean there are different opinions regarding this type of analytics and most of the guys think that it cannot be applied to the crypto market.

josegines

hero member

Activity: 826

Merit: 532

Quote from: Dogboy714 on November 27, 2018, 11:39:12 PM

I'd be interested in providing weekly chart updates if someone has the macro and whatnot I need.

I think this is a great indicator and FYI - I'm all out the second the BETI hits .5 this time around. I think the overall tops are trending downwards and people lost lots of money waiting for BETI 1.5 to hit. :-)

Do you mean that the next maximum will be +0.5?

The "BTC BETI" indicator is available in tradingview

Dec/13--->BETI= 3.0
Dec/17--->BETI= 1.0

¿next +0.5?

now is -1.72

Topic: BETI: Bitcoin Exponential Trend Index and technical analysis - page 5. (Read 110400 times)