quantadelic

Bitcoin Logarithmic Growth Curves

This plots logarithmic curves fitted to major Bitcoin bear market tops & bottoms. Top line is fitted to bull tops, bottom line is fitted to lower areas of the logarithmic price trend (which is not always the same as bear market bottoms). Middle line is the median of the top & bottom, and the faded solid lines are fibonacci levels in between.

Inspired by & based on a Medium post by Harold Christopher Burger, which shows how linear Bitcoin's long-term price growth is when plotted on a double-log chart (log scaling on the price AND time axis).

These curves will only make sense for tickers representing Bitcoin vs. USD (such as BITSTAMP:BTCUSD, BITMEX:XBTUSD, BLX index). Plotting on other assets will probably end up with lines that shoot off into space without any relationship to the underlying price action.

The upper, middle & lower curves can be projected into the future, which can be turned on or off in the indicator settings. The fibonacci levels can also be switched on/off. And the upper & lower curve intercepts & slopes can be tweaked.

I'm releasing this open-source, if you end up making something cool based off of this code, I don't need attribution but please hit me up on here or on twitter (same username) so I can check out what ya made. Thanks, hope y'all enjoy it.
Release Notes:
(just adding a picture that represents the indicator better)
Release Notes: Added a "Dark or Light mode" option. "Dark mode" is default (and da based king, tbqh) and will plot white lines, "Light mode" will plot black lines.
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Comments

Hey! How about the lines now? No updates? REKT?
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Can you maybe explain how these curves are in the opposite direction on my chart? Instead of these curves The curves I get are directed to top. Please help...
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mindokc shafty05
@shafty05, if you take a look at the bottom right side you can see log , auto buttons. you must have set up as auto mode. so if u change it to log chart , you can see the same chart as above
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Many thanks! Its surprising how well BTC obeys these boundaries. I'm very curious if continues to do so.
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Hi
Is it possible to extend middle lines as well?
+4 Reply
Wow nice, thanks !!! Awesome!!
+1 Reply
Love the indicator and want to thank you for keeping it open for modifications.
I have modified it to fit in the smaller time-frames for the intraday traders.
Thank you for your great work and very generous of you.
+1 Reply
Excellent work!
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