This script shows the long term trends in Bitcoin price. It is based on my mathematical formula for the long term trends. The blue line is a long term trend as a power function B = (t/693)^5.526 And the green line is a more sophisticated trend, which models the wave behavior over the whole history of bitcoin. This script is only applicable to BTCUSD price. The trend lines are calculated as the functions of time only. BITFINEX:BTCUSD
The blue line is a 10 year! long term trend-line. The best fit for the whole historic data available.
t - is the age of bitcoin in days since the bitcoin genesis block.
Blue line is the result of long-term non linear modelling and perfectly fits the 3 past waves of bitcoin.
habibihamoodi
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look great! how would you use it?
umanov
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@habibihamoodi,Hi dear, I think the best strategy for the next year would be to buy near the green line and to sell near the blue one.
In general you may also estimate the long term profits. This is important for miners and for holders.
umanov
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Please feel free to feedback or question about the formula behind this chart.
t - is the age of bitcoin in days since the bitcoin genesis block.
Blue line is the result of long-term non linear modelling and perfectly fits the 3 past waves of bitcoin.