Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Since 2017, I've been following these famous filbfilb charts;
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/
https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/
I don't remember where I got that one from, but this might be the better version of filbfilb's TA:
https://www.tradingview.com/script/xdPkShYr-Bitcoin-non-linear-regression-curve-REAL/
Looks like $40k might be the next ATH, $50k at best. Care to take a look and tell me what you think? Is he too conservative? Or realistic?
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/
https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/
I don't remember where I got that one from, but this might be the better version of filbfilb's TA:
https://www.tradingview.com/script/xdPkShYr-Bitcoin-non-linear-regression-curve-REAL/
This was NOT drawn by hand. This was calculated based on btc prices from 2010 to 2018. More than 60 different equations were tested and refined and ranked. This one is the best.
Quote from: comments https://www.tradingview.com/script/xdPkShYr-Bitcoin-non-linear-regression-curve-REAL/
just got all the price historical price action, normalized, ran through a series of tests to find the best curve that fits. Then, got the formula and created the script using it in pine script
Looks like $40k might be the next ATH, $50k at best. Care to take a look and tell me what you think? Is he too conservative? Or realistic?
A couple of posts from the beginning of the year. Maybe a bit conservative...dunno.
Repost of a classic chart (source unknown):
Leading up to halving price starts to move. Maybe it's different this time.
Looks different.. It has hit the '3000 in October 2019' level way earlier than that chart shows. So 2023 looks pessimistic, but we will find out in time. I think the price will be significantly above where we are now by autumn this year. No ATH, but higher by a good deal.
New ATH? Sometime between late 2020 and late 2021, if the relationship to the halving and the roughly four year cycle holds. YMMV.
This is my take on that chart that infofront posted after some consideration. I think the next peak will be in the 2nd half of '21 in December. If this is any indication then we will have one week between now and mid-summer of fairly extreme volatility that will make a yearly ATL before trending upwards. Many assumptions and a fair amount of bias here so do your own research.
W
#stronghands
Ack..heading for $8.2k and the o.382 long fib.
W
#stronghands'19