Re: BETI: Bitcoin Exponential Trend Index and technical analysis
At which point should we declare that BETI is completely dead and buried?
Hard to say since it's just based on a regression model. Another bubble cycle will of course revive it. I've been saying for years that BTC's price cycles are slowing down, and I don't think the model properly accounts for it.
True that this indicator doesn't account for regression, which it's probably supposed to, but to me it's still pretty useful. Based on Bitcoin's regression model, you should be able to see lower highs and higher lows. I can see this clearly, and therefore wouldn't declare BETI dead and buried. The chart below is 17 months out of date though.
chart update, if anyone is interested...
can someone provide an updated chart?
I found BETI on tradingview, but looks broken
And to make it worse, i have also added a BETI indicator to Tradingview. 
Code:
//based on
//https://www.wolframalpha.com/input/?i=e+%5E+(+0.00331836433279664++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.120774828196607+)
//https://bitcointalk.org/index.php?topic=470453.680
study(title='BTC BETI', overlay=false)
a = 0.00331836433279664
b = -0.120774828196607
timevar = (time-1279368000000)/(1000*60*60*24)
my_beti(price) => log(price/exp(a*timevar+b))
plot(my_beti(close))
plot(2, color=#111111, transp=50)
plot(1, color=#111111, transp=50)
plot(0, color=#111111, transp=50)
plot(-1, color=#111111, transp=50)
plot(-2, color=#111111, transp=50)
//Epoch timestamp: 1279368000
//Timestamp in milliseconds: 1279368000000
//Human time (GMT): Saturday, July 17, 2010 12:00:00 PM
//Human time (your time zone): Saturday, July 17, 2010 2:00:00 PM GMT+02:00
//https://www.wolframalpha.com/input/?i=e+%5E+(+0.00331836433279664++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.120774828196607+)
//https://bitcointalk.org/index.php?topic=470453.680
study(title='BTC BETI', overlay=false)
a = 0.00331836433279664
b = -0.120774828196607
timevar = (time-1279368000000)/(1000*60*60*24)
my_beti(price) => log(price/exp(a*timevar+b))
plot(my_beti(close))
plot(2, color=#111111, transp=50)
plot(1, color=#111111, transp=50)
plot(0, color=#111111, transp=50)
plot(-1, color=#111111, transp=50)
plot(-2, color=#111111, transp=50)
//Epoch timestamp: 1279368000
//Timestamp in milliseconds: 1279368000000
//Human time (GMT): Saturday, July 17, 2010 12:00:00 PM
//Human time (your time zone): Saturday, July 17, 2010 2:00:00 PM GMT+02:00