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.
Oct 17
發布通知:
(just adding a picture that represents the indicator better)
Nov 09
發布通知: 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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Do you foresee it needing to be tweaked in every market cycle, and can you give any advice/tips when tweaking it?
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ExtenZe function literally made me LOL. Well done!
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quantadelic theheirophant
@theheirophant, Lol, was hoping someone would notice that... thanks!
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thx:) awsome idea.
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@Mby_lab, Thanks!
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thanks for the script. Could you make a less optimistic version, closer to burger's medium ?
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@emiliensv, You can edit the slopes & intercepts in the indicator settings to get something similar to his projections.
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Hi Like your script and the concept.
Could you please clarify the large numbers for clarity?
Thank you
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@aaahopper, Increasing or decreasing HighIntercept & LowIntercept will shift the top & bottom curves up or down, respectively. HighSlope & LowSlope are basically the angles of the curves (rate of growth actually). Increasing or decreasing those values will make the curves grow larger at a faster or slower rate, respectively. Same exact concept as the intercept & slope in a linear regression calculation.
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