BETI: Bitcoin Exponential Trend Index and technical analysis

[jehst]

So even the BFX hack did not bring us below -1.5. Hope we will not see any level below it again (in this cycle)

We are at about -1.35 now, and broke the resistance level at -1.4. The next target is -1.3 (the pre BFX hack level), now at $732; and the previous peak at -1.1, now at $894. There is no obvious resistance level beyond -1.1

The ATH $1126 is currently -0.87

Thanks for the update. Could you post a zoomed-out view of the exponential line? I want to see where the current line places the price in 2020 or 2025.

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[Equilux]

So even the BFX hack did not bring us below -1.5. Hope we will not see any level below it again (in this cycle)

We are at about -1.35 now, and broke the resistance level at -1.4. The next target is -1.3 (the pre BFX hack level), now at $732; and the previous peak at -1.1, now at $894. There is no obvious resistance level beyond -1.1

The ATH $1126 is currently -0.87

Interesting! Thank you for the update

[Equilux]

Can we get another update?

[jl2012]

Update:


Date:    14-Dec-2016
BETI   -1.300
VWAP:    776.73
x:    2342
a:    0.00352
b:    -0.28097
Rsq:    0.79859
The day's expected price:    2851.30
Actual price / expected price:   27.24%
Price to break the -2.23 all-time-low   306.98
Price to break the +1.87 all-time-high   18458.91
Predicted date for today's price:    10-Dec-2015
Days ahead:    -369.77
Daily price rank:    56
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00351686389202846++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.28096579398529+%29   

[jl2012]

Can we get another update?

BETI is going up but -1.3 seems to be a major resistance level.

The June 2016 peak of -1.1 is now $949

The ATH $1126 is currently -0.93

[Equilux]

Can we get another update?

BETI is going up but -1.3 seems to be a major resistance level.

The June 2016 peak of -1.1 is now $949

The ATH $1126 is currently -0.93

Ah thanks! The last few months of rising price seem less impressive than I hoped

[600watt]

Can we get another update?

BETI is going up but -1.3 seems to be a major resistance level.

The June 2016 peak of -1.1 is now $949

The ATH $1126 is currently -0.93

Ah thanks! The last few months of rising price seem less impressive than I hoped

we had a rise of almost $10 per (average/bitstamp) for the last 69 weeks...

[Spaceman_Spiff]

Thanks for the data !

[Equilux]

Can we get another update?

BETI is going up but -1.3 seems to be a major resistance level.

The June 2016 peak of -1.1 is now $949

The ATH $1126 is currently -0.93

Ah thanks! The last few months of rising price seem less impressive than I hoped

we had a rise of almost $10 per (average/bitstamp) for the last 69 weeks...

Very true, thats what I meant; that still doesn't look very impressive in this chart

[600watt]

Can we get another update?

BETI is going up but -1.3 seems to be a major resistance level.

The June 2016 peak of -1.1 is now $949

The ATH $1126 is currently -0.93

Ah thanks! The last few months of rising price seem less impressive than I hoped

we had a rise of almost $10 per (average/bitstamp) for the last 69 weeks...

Very true, thats what I meant; that still doesn't look very impressive in this chart

maybe because average is linear and this index is exponential?

[jl2012]

Date:    20-Dec-2016
BETI   -1.287
VWAP:    793.38
x:    2348
a:    0.00351
b:    -0.27433
Rsq:    0.79856
The day's expected price:    2873.72
Actual price / expected price:   27.61%
Price to break the -2.23 all-time-low   309.39
Price to break the +1.87 all-time-high   18604.10
Predicted date for today's price:    19-Dec-2015
Days ahead:    -366.85
Daily price rank:    53
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00350838687511128++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.274328262324383+%29   

[jl2012]

The current price, about $805, is about -1.274

We have been above -1.3 for 5 days (including today) so it seems the -1.3 resistance has been broken. We are back to the pre-bitfinex hack level

The next resistance at -1.2 is $867

[jl2012]

The current price, about $805, is about -1.274

We have been above -1.3 for 5 days (including today) so it seems the -1.3 resistance has been broken. We are back to the pre-bitfinex hack level

The next resistance at -1.2 is $867

It just hit $867.41 at bitstamp

[kehtolo]

The current price, about $805, is about -1.274

We have been above -1.3 for 5 days (including today) so it seems the -1.3 resistance has been broken. We are back to the pre-bitfinex hack level

The next resistance at -1.2 is $867

It just hit $867.41 at bitstamp

Uncanny!

Above -1.2 where is the next resistance? From what i can discern from the chart you've posted, it looks like -0.8??

I'm going to try and work out what price point that would equate to and post my result here.

[kehtolo]

Ok, I failled!

I worked out (roughly speaking) the natural log of 855/2873..

I just used 'today's expected price from yesterday, assuming it wouldn't have changed that much.

Could I ask you jl2012 to post here the calculation that would equate -0.8 into $$ please? My pithy attempts failed unfortunately!

[jl2012]

Date:    21-Dec-2016
BETI   -1.260
VWAP:    816.48
x:    2349
a:    0.00351
b:    -0.27325
Rsq:    0.79857
The day's expected price:    2877.64
Actual price / expected price:   28.37%
Price to break the -2.23 all-time-low   309.81
Price to break the +1.87 all-time-high   18629.46
Predicted date for today's price:    27-Dec-2015
Days ahead:    -359.20
Daily price rank:    34
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00350701528178267++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.273252689110663+%29   

[jl2012]

-1.2 is $867
-1.1 (the June 2016 peak) is $958

$1126 ATH is -0.94

-0.8 is $1293

[kehtolo]

Thanks jl2012!!

 

[Roccker]

Great thread, thanks !

Is there any easy way how i can look up the BETI, or is this thread the only place
(Bitcoin Exponential Trend Index = daily volume weighted average price / exponential tread expected price)

I guess it's
a. looking at this thread hoping for new entries
or b. doing it myself

But b is not a real option cause i am a newb and not competent in doing it

[jl2012]

Update:

Date:    31-Dec-2016
BETI:   -1.118
VWAP:    955.73
x:    2359
a:    0.00349
b:    -0.26344
Rsq:    0.79883
The day's expected price:    2922.39
Actual price / expected price:   32.70%
Price to break the -2.23 all-time-low   314.63
Price to break the +1.87 all-time-high   18919.16
Predicted date for today's price:    15-Feb-2016
Days ahead:    -319.84
Daily price rank:    10
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00349453018094073++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.263439522560972+%29