This is an updated analysis on the trajectory of bitcoin using a Monte-Carlo simulation of 2000 random walks, as well as Fibonacci retracement levels.
While almost everyone was caught off guard by the recent downturn, this has provided an opportunity for institutions that missed out on the initial hype surrounding block-chain to enter the market.
In addition, the Monte Carlo is levelling out and maximum walks are ending over 50k.
The long-term bitcoin forecast is now relatively close. Five months is a short amount of time for returns of this magnitude.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
While almost everyone was caught off guard by the recent downturn, this has provided an opportunity for institutions that missed out on the initial hype surrounding block-chain to enter the market.
In addition, the Monte Carlo is levelling out and maximum walks are ending over 50k.
The long-term bitcoin forecast is now relatively close. Five months is a short amount of time for returns of this magnitude.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
Comment:
Bitcoin is returning to the median.
Comment:
Random walks were not wrong.
Unfortunately the time element is not indicated.
Unfortunately the time element is not indicated.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
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