OPEN-SOURCE SCRIPT
已更新 Illuminate

The Illuminate script predicts the potential range of Bitcoin's top and bottom prices based on a logarithmic regression model, referencing Bitcoin's historical price trends and halvings. This script is designed to provide valuable insights into Bitcoin's price dynamics and long-term trends using principles derived from the "Bitcoin Law."
Key Features
Power Law Trend Lines
Primary Trend:
Projects the general growth trajectory of Bitcoin prices over time based on a logarithmic power law.
Resistance Line:
Identifies a potential upper limit of Bitcoin prices during market peaks.
Includes an offset trendline for an additional buffer zone.
Support Line:
Represents a possible bottom for Bitcoin prices during market downturns.
Offset trendlines highlight potential zones of price fluctuation near the support line.
Fill Zones:
Between resistance and offset: Semi-transparent Red.
Between support and offset: Semi-transparent Green/Blue.
Bitcoin Halving Events
Automatically marks significant Bitcoin halving dates with yellow vertical lines and labeled annotations.
Current and future halvings (approximate) are included.
Trending Phase Indication
A dynamic visual color fill highlights different phases of Bitcoin's price evolution based on a 4-year cycle.
Colors: Red, Green, Blue, Orange (indicating each phase).
"Trending Phase" label provides insight into the current phase.
Interactive Inputs
Show/Hide Resistance: Toggle resistance trend lines.
Show/Hide Support: Toggle support trend lines.
Show/Hide Halving Dates: Toggle visibility of halving annotations.
Customizable Parameters
Fine-tune parameters (A and n) for the main trend line to match your analysis needs.
How to Use
Overlay Analysis:
Add this script to your TradingView chart for direct overlay on Bitcoin's price data.
Interpret the Zones:
Use the resistance and support lines as potential upper and lower bounds for price movements.
Analyze fill zones for areas of likely price oscillation.
Halving Significance:
Observe price behavior before and after halving dates, which historically influence market trends.
Long-Term Perspective:
The model is optimized for long-term projections, making it suitable for strategic, rather than short-term, trading decisions.
Disclaimer:
This indicator is for educational purposes only and should not be used as investment advice. Always do your own research and consult with a financial advisor before making trading decisions.
Key Features
Power Law Trend Lines
Primary Trend:
Projects the general growth trajectory of Bitcoin prices over time based on a logarithmic power law.
Resistance Line:
Identifies a potential upper limit of Bitcoin prices during market peaks.
Includes an offset trendline for an additional buffer zone.
Support Line:
Represents a possible bottom for Bitcoin prices during market downturns.
Offset trendlines highlight potential zones of price fluctuation near the support line.
Fill Zones:
Between resistance and offset: Semi-transparent Red.
Between support and offset: Semi-transparent Green/Blue.
Bitcoin Halving Events
Automatically marks significant Bitcoin halving dates with yellow vertical lines and labeled annotations.
Current and future halvings (approximate) are included.
Trending Phase Indication
A dynamic visual color fill highlights different phases of Bitcoin's price evolution based on a 4-year cycle.
Colors: Red, Green, Blue, Orange (indicating each phase).
"Trending Phase" label provides insight into the current phase.
Interactive Inputs
Show/Hide Resistance: Toggle resistance trend lines.
Show/Hide Support: Toggle support trend lines.
Show/Hide Halving Dates: Toggle visibility of halving annotations.
Customizable Parameters
Fine-tune parameters (A and n) for the main trend line to match your analysis needs.
How to Use
Overlay Analysis:
Add this script to your TradingView chart for direct overlay on Bitcoin's price data.
Interpret the Zones:
Use the resistance and support lines as potential upper and lower bounds for price movements.
Analyze fill zones for areas of likely price oscillation.
Halving Significance:
Observe price behavior before and after halving dates, which historically influence market trends.
Long-Term Perspective:
The model is optimized for long-term projections, making it suitable for strategic, rather than short-term, trading decisions.
Disclaimer:
This indicator is for educational purposes only and should not be used as investment advice. Always do your own research and consult with a financial advisor before making trading decisions.
發行說明
Top range by end of 2025: 183k ~ 235k
發行說明
Update A, n with BTC data up to 2025/01/27開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。