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Topic: BETI: Bitcoin Exponential Trend Index and technical analysis - page 8. (Read 110414 times)

hero member
Activity: 1138
Merit: 574
I do not believe we will see 1 million dollar bitcoin before 10 years, maybe 15-20. McAfee will have to eat his dick.

Bitcoin's current price index ($6702.01) is -57.96% below McAfee's bet's price target.

The price needs to increase to $15943.71 to be on target for $1M/Bitcoin by the three year deadline ending in 857 days, kek.

lol, McAfee needs to start reading the BETI thread.

Can we add the Dickline to BETI ?  Grin
legendary
Activity: 1762
Merit: 1011
I do not believe we will see 1 million dollar bitcoin before 10 years, maybe 15-20. McAfee will have to eat his dick.

Bitcoin's current price index ($6702.01) is -57.96% below McAfee's bet's price target.

The price needs to increase to $15943.71 to be on target for $1M/Bitcoin by the three year deadline ending in 857 days, kek.

lol, McAfee needs to start reading the BETI thread.
newbie
Activity: 18
Merit: 10
Quick update...

Date   8/19/18
VWAP   $6699.18
x   2963
y   8.809740
a (slope) historical   +0.0032730580
b (intercept) historical   -0.0754331731
Rsq historical   0.865930
BETI historical   -0.8128979
Expected Price historical   $15,102.83
Actual price / expected price historical   44.357%
  
-2.00    $2,043.95
-1.50    $3,369.90
-1.00    $5,556.02
-0.50    $9,160.33
-0.25   $11,762.10
+0.00  $15,102.83
+0.25  $19,392.42
+0.50  $24,900.36
+1.00  $41,053.76

Interestingly, Bitstamp's ATH on Sunday, 17 December 2017 12:25:03 ($19666.00) is currently BETI +0.264009.
newbie
Activity: 18
Merit: 10
I do not believe we will see 1 million dollar bitcoin before 10 years, maybe 15-20. McAfee will have to eat his dick.

Bitcoin's current price index ($6702.01) is -57.96% below McAfee's bet's price target.

The price needs to increase to $15943.71 to be on target for $1M/Bitcoin by the three year deadline ending in 857 days, kek.
legendary
Activity: 1639
Merit: 1006
Beti updates always feel like an Old Faithful-like metronome, pressure is always building.

Some BETI thoughts:

1. More mature ecosystem means more distribution of risk and less singular shocks like Gox, China bans, hacks, other exchange failures, et cetera. ETF is worst news we have right now and price is holding.
2. With less risk, we have less chance of dropping below BETI -1.0... maybe we are even at bottom already. $2500 Bitcoin seems to me would require a shock to the market that I am not seeing as possible with the vast numbers of exchanges, wallets, ownership pathways and China-like bans out in the open for major markets.
3. Shocks upward seem vastly more likely. There has been almost zero good news since futures were announced. Just moderate news that builds pressure (Venezuela, scaling improvements). So many more opportunities to shock up than down at this point. China ban being absorbed already.
4. Shorting bitcoin has been historically a bell weather short term and we are at an all time high for shorts... trying to cover your bitcoin short has to be the most painful thing these past 12 months. One of these short squeezes is going to launch the next bull run, as I see it.

I still think we are 10-15 years from mainstream use cases for bitcoin outside of speculation as an asset diversification. I firmly believe that 99% of the planet will NEVER own bitcoin themselves nor would they ever want to. However, none of those things have to happen for bitcoin to be worth $100k in two years. Bitcoin will be worth $100k simply because of its model as a store of value. Price stability likely happens sooner than we think, maybe within 4 years with growth driven thereafter only by mainstream use cases that come online. I do not believe we will see 1 million dollar bitcoin before 10 years, maybe 15-20. McAfee will have to eat his dick. most people on this forum will never keep their bitcoin long enough for it to reach a million. Bitcoins will be held 99.99 percent by institutions in 15 years. The public only owns derivatives.
newbie
Activity: 18
Merit: 10
Long time lurker, first time poster.

Date   8/19/18
VWAP   $6416.1759650696549215
x   2955
y   8.7665775751474566
a (slope) historical   +0.0032775783
b (intercept) historical   -0.0798716214
Rsq historical   0.863606006540574
BETI historical   -0.865999803537237 (kek)
Expected Price historical   $15,253.70004769077
Actual price / expected price historical   42.0630794168592%
  
-2.25   $1,607.728156725878
-2.00   $2,064.363816360560
-1.75   $2,650.695609497465
-1.50   $3,403.560534497352
-1.25   $4,370.258233529915
-1.14   $4,829.882304177912
-1.00   $5,611.522649341281
-0.75   $7,205.337708073138
-0.50   $9,251.836752984507
-0.25   $11,879.59354187789
0.00   $15,253.70004769077
0.25   $19,586.13855976596
0.50   $25,149.09972550732
0.75   $32,292.08325436611
1.00   $41,463.85565640268
1.25   $53,240.64453669281
1.50   $68,362.34078595092
1.75   $87,778.98311343000
2.00   $112,710.4453686482
2.25   $144,723.0765795394
newbie
Activity: 2
Merit: 0
Best thread on the forum.

Is it possible we get an update? I am curious where BETI -1.0 is right now.
jr. member
Activity: 32
Merit: 1
Date   7/22/18
VWAP   $7,451.05
x   2927
y   8.916110536
a (slope) historical   0.003291732
b (intercept) historical   -0.094083644
Rsq historical   0.862594
BETI historical   -0.624
Expected Price historical   $13,901.02
Actual price / expected price historical   53.60%
Expected Date historical   1/13/18
# of Days ahead historical   -189.45
Daily VWAP Rank historical   187
Next expected price historical   $13,946.85
   
   
-2.25   $1,465.16
-2.00   $1,881.30
-1.75   $2,415.63
-1.50   $3,101.74
-1.25   $3,982.71
-1.14   $4,450.26
-1.00   $5,113.90
-0.75   $6,566.38
-0.50   $8,431.39
-0.25   $10,826.12
0.00   $13,901.02
0.25   $17,849.26
0.50   $22,918.90
0.75   $29,428.45
1.00   $37,786.88
1.25   $48,519.32
1.50   $62,300.04
1.75   $79,994.83
2.00   $102,715.40
jr. member
Activity: 32
Merit: 1
Date   7/5/18
VWAP   $6,581.19
x   2910
y   8.791971424
a (slope) historical   0.003300186
b (intercept) historical   -0.102321079
Rsq historical   0.861406
BETI historical   -0.708
Expected Price historical   $13,361.35
Actual price / expected price historical   49.26%
Expected Date historical   12/2/17
# of Days ahead historical   -214.58
Daily VWAP Rank historical   225
Next expected price historical   $13,405.51
   
   
-2.25   $1,408.28
-2.00   $1,808.26
-1.75   $2,321.85
-1.50   $2,981.32
-1.25   $3,828.09
-1.14   $4,277.49
-1.00   $4,915.36
-0.75   $6,311.45
-0.50   $8,104.07
-0.25   $10,405.83
0.00   $13,361.35
0.25   $17,156.31
0.50   $22,029.14
0.75   $28,285.97
1.00   $36,319.91
1.25   $46,635.68
1.50   $59,881.40
1.75   $76,889.24
2.00   $98,727.74
jr. member
Activity: 32
Merit: 1
Date   7/4/18
VWAP   $6,576.17
x   2909
y   8.791207536
a (slope) historical   0.003300690
b (intercept) historical   -0.102810479
Rsq historical   0.861336
BETI historical   -0.707
Expected Price historical   $13,330.33
Actual price / expected price historical   49.33%
Expected Date historical   12/1/17
# of Days ahead historical   -214.07
Daily VWAP Rank historical   225
Next expected price historical   $13,374.40
   
   
-2.25   $1,405.01
-2.00   $1,804.06
-1.75   $2,316.46
-1.50   $2,974.40
-1.25   $3,819.20
-1.14   $4,267.56
-1.00   $4,903.95
-0.75   $6,296.80
-0.50   $8,085.25
-0.25   $10,381.67
0.00   $13,330.33
0.25   $17,116.48
0.50   $21,978.00
0.75   $28,220.31
1.00   $36,235.59
1.25   $46,527.42
1.50   $59,742.39
1.75   $76,710.75
2.00   $98,498.55
jr. member
Activity: 32
Merit: 1
Date   7/3/18
VWAP   $6,583.66
x   2908
y   8.792346845
a (slope) historical   0.003301193
b (intercept) historical   -0.103298972
Rsq historical   0.861266
BETI historical   -0.703
Expected Price historical   $13,299.35
Actual price / expected price historical   49.50%
Expected Date historical   12/2/17
# of Days ahead historical   -212.99
Daily VWAP Rank historical   224
Next expected price historical   $13,343.33
   
   
-2.25   $1,401.74
-2.00   $1,799.87
-1.75   $2,311.08
-1.50   $2,967.49
-1.25   $3,810.33
-1.14   $4,257.64
-1.00   $4,892.56
-0.75   $6,282.17
-0.50   $8,066.47
-0.25   $10,357.55
0.00   $13,299.35
0.25   $17,076.71
0.50   $21,926.93
0.75   $28,154.73
1.00   $36,151.39
1.25   $46,419.30
1.50   $59,603.57
1.75   $76,532.49
2.00   $98,269.67
jr. member
Activity: 32
Merit: 1
Date   7/2/18
VWAP   $6,495.22
x   2907
y   8.778821839
a (slope) historical   0.003301694
b (intercept) historical   -0.103785239
Rsq historical   0.861195
BETI historical   -0.714
Expected Price historical   $13,268.38
Actual price / expected price historical   48.95%
Expected Date historical   11/27/17
# of Days ahead historical   -216.35
Daily VWAP Rank historical   228
Next expected price historical   $13,312.26
   
   
-2.25   $1,398.48
-2.00   $1,795.68
-1.75   $2,305.70
-1.50   $2,960.58
-1.25   $3,801.46
-1.14   $4,247.73
-1.00   $4,881.17
-0.75   $6,267.54
-0.50   $8,047.68
-0.25   $10,333.43
0.00   $13,268.38
0.25   $17,036.94
0.50   $21,875.87
0.75   $28,089.17
1.00   $36,067.21
1.25   $46,311.21
1.50   $59,464.77
1.75   $76,354.28
2.00   $98,040.83
jr. member
Activity: 32
Merit: 1
Date   7/1/18
VWAP   $6,349.23
x   2906
y   8.756088215
a (slope) historical   0.003302203
b (intercept) historical   -0.104279407
Rsq historical   0.861126
BETI historical   -0.735
Expected Price historical   $13,237.69
Actual price / expected price historical   47.96%
Expected Date historical   11/20/17
# of Days ahead historical   -222.50
Daily VWAP Rank historical   234
Next expected price historical   $13,281.47
   
   
-2.25   $1,395.24
-2.00   $1,791.53
-1.75   $2,300.37
-1.50   $2,953.73
-1.25   $3,792.66
-1.14   $4,237.90
-1.00   $4,869.87
-0.75   $6,253.04
-0.50   $8,029.06
-0.25   $10,309.52
0.00   $13,237.69
0.25   $16,997.53
0.50   $21,825.26
0.75   $28,024.19
1.00   $35,983.77
1.25   $46,204.07
1.50   $59,327.20
1.75   $76,177.64
2.00   $97,814.02
jr. member
Activity: 32
Merit: 1
Date   6/30/18
VWAP   $6,370.48
x   2905
y   8.759429974
a (slope) historical   0.003302728
b (intercept) historical   -0.104787853
Rsq historical   0.861058
BETI historical   -0.729
Expected Price historical   $13,207.43
Actual price / expected price historical   48.23%
Expected Date historical   11/21/17
# of Days ahead historical   -220.76
Daily VWAP Rank historical   233
Next expected price historical   $13,251.13
   
   
-2.25   $1,392.05
-2.00   $1,787.43
-1.75   $2,295.11
-1.50   $2,946.98
-1.25   $3,783.99
-1.14   $4,228.21
-1.00   $4,858.74
-0.75   $6,238.75
-0.50   $8,010.71
-0.25   $10,285.96
0.00   $13,207.43
0.25   $16,958.68
0.50   $21,775.38
0.75   $27,960.14
1.00   $35,901.53
1.25   $46,098.47
1.50   $59,191.61
1.75   $76,003.53
2.00   $97,590.46
jr. member
Activity: 32
Merit: 1
Thanks John for taking up the thread.

Thanks, you're welcome.

Date   6/29/18
VWAP   $5,936.40
x   2904
y   8.688857985
a (slope) historical   0.003303248
b (intercept) historical   -0.105292582
Rsq historical   0.860990
BETI historical   -0.797
Expected Price historical   $13,177.14
Actual price / expected price historical   45.05%
Expected Date historical   10/30/17
# of Days ahead historical   -241.39
Daily VWAP Rank historical   245
Next expected price historical   $13,220.74
   
   
-2.25   $1,388.86
-2.00   $1,783.33
-1.75   $2,289.84
-1.50   $2,940.22
-1.25   $3,775.31
-1.14   $4,218.52
-1.00   $4,847.60
-0.75   $6,224.44
-0.50   $7,992.34
-0.25   $10,262.37
0.00   $13,177.14
0.25   $16,919.79
0.50   $21,725.43
0.75   $27,896.01
1.00   $35,819.19
1.25   $45,992.75
1.50   $59,055.86
1.75   $75,829.22
2.00   $97,366.64
legendary
Activity: 2156
Merit: 1070
Thanks John for taking up the thread.
jr. member
Activity: 32
Merit: 1
Date   6/28/18
VWAP   $6,020.60
x   2903
y   8.702942127
a (slope) historical   0.003303818
b (intercept) historical   -0.105844696
Rsq historical   0.860929
BETI historical   -0.781
Expected Price historical   $13,148.16
Actual price / expected price historical   45.79%
Expected Date historical   11/3/17
# of Days ahead historical   -236.42
Daily VWAP Rank historical   242
Next expected price historical   $13,191.67
   
   
-2.25   $1,385.81
-2.00   $1,779.41
-1.75   $2,284.81
-1.50   $2,933.75
-1.25   $3,767.01
-1.14   $4,209.24
-1.00   $4,836.94
-0.75   $6,210.75
-0.50   $7,974.76
-0.25   $10,239.79
0.00   $13,148.16
0.25   $16,882.57
0.50   $21,677.65
0.75   $27,834.65
1.00   $35,740.40
1.25   $45,891.58
1.50   $58,925.95
1.75   $75,662.42
2.00   $97,152.47
jr. member
Activity: 32
Merit: 1
Date   6/27/18
VWAP   $6,091.41
x   2902
y   8.714634951
a (slope) historical   0.003304376
b (intercept) historical   -0.106385735
Rsq historical   0.860866
BETI historical   -0.767
Expected Price historical   $13,118.94
Actual price / expected price historical   46.43%
Expected Date historical   11/6/17
# of Days ahead historical   -232.17
Daily VWAP Rank historical   239
Next expected price historical   $13,162.36
   
   
-2.25   $1,382.73
-2.00   $1,775.46
-1.75   $2,279.73
-1.50   $2,927.23
-1.25   $3,758.64
-1.14   $4,199.88
-1.00   $4,826.19
-0.75   $6,196.95
-0.50   $7,957.04
-0.25   $10,217.04
0.00   $13,118.94
0.25   $16,845.05
0.50   $21,629.47
0.75   $27,772.79
1.00   $35,660.97
1.25   $45,789.59
1.50   $58,795.00
1.75   $75,494.28
2.00   $96,936.57
jr. member
Activity: 32
Merit: 1
Here's a bunch of new charts.

For ease of use, all my charts will have the following color coding:

Orange - refers to "Current" data, ie Current BETI, Current Expected Price, etc.

Red - refers to "Historical" data, ie Historical BETI, Historical Expected Price, etc.

Green - all trendlines



Chart 1 - Current BETI (orange)
  - This chart shows high and low of BETI value
  - This chart is fitted with all data from not only from that day and before that day, but also from all data up until today.
  - If you discount the first 6 months or so, this chart has much smaller amplitudes than Historical BETI
  - Current BETI and Historical BETI are always equal for today, thereafter, they drift apart
  - I personally think that Current BETI is more accurate than Historical BETI because uses all the data. However I am no math/stats major.  
  - Someone more qualified can argue it is more relevant or less relevant than Historical BETI.

Chart 2 - Historical BETI (red)
  - Chart should match jl2012's BETI chart he posts from time to time
  - This chart shows high and low of BETI value
  - As jl2012 says, for each day, a regression is fitted with all data of and before that day, so it is not a straight line.
  - Historical BETI only use the VWAP data from today and all previous days
  - Someone commented on the sloping green trendline.  I think it's just an artifact of the mathematics, but don't know. Small tilt, don't think it means much

Chart 3 - Log chart - Historical Expected Price (red) vs Current Expected Price (orange)
  - Chart should match jl2012's original chart on page 1
  - All lines are natural logs of the argument other than the black BTC price
  - Red line is Historical Expected Price.  (ln(Historical Expected Price))
  - Orange line is Current Expected Price. (ln(Current Expected Price))
  - Notice how much variance there is between the two?
  - Notice how they are currently converging?
  - Do you think the Orange Current Expected price is a trendline?
  - Let's see what happens if you put a trendline on it -- see Chart 4
  - Blue line is VWAP. (ln(VWAP))
  - Black line is actual BTC price.
  - y-axis is ln(price)

Chart 4 - Same as Chart 3, but a green trendline added
  - A green trendline of the ln(VWAP) has been added  R^2 0.861
  - Notice that the green trendline perfectly overlaps the orange Current Expected Price?
  - Which looks like a better trendline, the orange/green Current Expected Price, or the red Historical Expected Price?
  - If you like the orange/green Current Expected Price better, do you also like orange Chart 1 better?
  - If you like the red Historical Price better, do you also like the red Chart 2 better?

Chart 5 - Sanity check of Chart 3
  - Notice the chart has the same structure as Chart 3?
  - But it a non log version
  - y-axis is actual BTC VWAP

Chart 6 - Same as Chart 5, but with a green Exponential trendline thrown in
  - Why does the green trendline look like that?

Chart 7 - Same as Chart 5, but with a green Linear trendline thrown in
  - Wild curve trendline
  - I think it resembles the popular Trolololo regression chart


Later, I'll post some examples of how Expected values vs Current values change over time.  
For example, the VWAP Rankings change over time.

Charts:

https://imgur.com/a/sYJTGII
jr. member
Activity: 32
Merit: 1
Date   6/26/18
VWAP   $6,186.03
x   2901
y   8.730048748
a (slope) historical   0.003304925
b (intercept) historical   -0.106917332
Rsq historical   0.860802
BETI historical   -0.750
Expected Price historical   $13,089.53
Actual price / expected price historical   47.26%
Expected Date historical   11/11/17
# of Days ahead historical   -226.79
Daily VWAP Rank historical   236
Next expected price historical   $13,132.86
   
   
-2.25   $1,379.63
-2.00   $1,771.48
-1.75   $2,274.62
-1.50   $2,920.67
-1.25   $3,750.21
-1.14   $4,190.47
-1.00   $4,815.37
-0.75   $6,183.06
-0.50   $7,939.20
-0.25   $10,194.14
0.00   $13,089.53
0.25   $16,807.29
0.50   $21,580.99
0.75   $27,710.54
1.00   $35,581.03
1.25   $45,686.95
1.50   $58,663.20
1.75   $75,325.05
2.00   $96,719.27
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