Using a non-linear logarithmic regression, we can project the price of Bitcoin towards the future. Seems consistent with the Stock to Flow price and reveals much more upside as time goes forward.
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.
Riding 50 week linear regression mean while squeezing toward the end of current wedge. Fib levels ATH/Local Low.
Expect movement.
Support: Non-linear regression (labeled), 61.8%, and lower bound standard deviation -1.
Resistance: ~$10.8, $11.5
I know you've probably seen this kinda chart around many times, but this is only for a reminder.
In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline.
There isn't much to say really...
Here I've done some non-linear trend analysis on the SPY ETF. The upward sloping curves represent the long term trading range with compounding considered. Since the 2009 lows SPY has rallied vigorously from the bottom of this range (light blue) to the top end of this range (neon green). The linear trend of this rally is roughly equal to the tangent of this neon...
This is an update to my earlier post:
When I shared that chart, I emphasized that it was merely enternainment and it didn't have any predictive value to me, AT ALL. I still have this point of view. Even though it might work out in the end, it must be understood that what I'm drawing here is some next level chart fitting . Humans have a tendency to see...
Inspired by the logarithmic regression models in the old bitcoin forum thread , I drew up the above macro chart.
Disclaimer: I don't believe this chart has any predictive value. At all. This is for entertainment purposes only. Nonetheless, I find this chart highly fascinating. Bitcoins fractal nature couldn't be more obvious. Some observations:
The baseline has...
