BETI: Bitcoin Exponential Trend Index and technical analysis

[DieJohnny]

this is interesting... so just using an exponential trend, basically?

yes, but the regression is done everyday only using the data available at that day

We had a big jump in BETI yesterday. It's now over -0.2. As of writing the price is $4080. I think it's very possible to see 0 BETI

BETI for some psychological resistance:

5000    0.085905352
7500    0.49137046
10000    0.779052532
15000     1.18451764
20000     1.472199713
25000     1.695343264

If we break above zero BETI, I say we get to 10k pretty quick, then a correction before jumping to 25k. I don't see what stops this trend right now until we break BETI ATH.... which would be what 45k by now?

[1713962699]

1713962699

[600watt]

this is interesting... so just using an exponential trend, basically?

yes, but the regression is done everyday only using the data available at that day

We had a big jump in BETI yesterday. It's now over -0.2. As of writing the price is $4080. I think it's very possible to see 0 BETI

BETI for some psychological resistance:

5000    0.085905352
7500    0.49137046
10000    0.779052532
15000     1.18451764
20000     1.472199713
25000     1.695343264

If we break above zero BETI, I say we get to 10k pretty quick, then a correction before jumping to 25k. I don't see what stops this trend right now until we break BETI ATH.... which would be what 45k by now?

this will be epic. all the best for all of you. keep calm and hodl. stay humble. enjoy.

[jl2012]

If the trend remains, we will see 0 BETI in 2-3 days

Date:    31-Aug-2017
BETI:   -0.039
VWAP:    4682.34
x:    2602
a:    0.00330
b:    -0.10835
Rsq:    0.81893
The day's expected price:    4869.63
Actual price / expected price:   96.15%
Price to break the -2.23 all-time-low   524.27
Price to break the +1.87 all-time-high   31525.31
Predicted date for today's price:    19-Aug-2017
Days ahead:    -11.87
Daily price rank:    1
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00330481447945013++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.108354481974801+%29   

[Wekkel]

Apologies if already asked before but can Wolfram Alpha also render the historical chart of this indicator?

[jl2012]

Apologies if already asked before but can Wolfram Alpha also render the historical chart of this indicator?

No, it's far too complicated

[jl2012]

The spot price has been above 0 BETI. Need 24hr average to confirm

[600watt]

The spot price has been above 0 BETI. Need 24hr average to confirm

I got goose bumps,  when I read this. i find the BETI concept convincing.

fantastic work jl2012, ty!

[jl2012]

If the price remains stable at this point, we will have the first positive BETI in more than 3 years

Date:    1-Sep-2017
BETI:   -0.016
VWAP:    4808.17
x:    2603
a:    0.00330
b:    -0.10834
Rsq:    0.81910
The day's expected price:    4885.63
Actual price / expected price:   98.41%
Price to break the -2.23 all-time-low   526.00
Price to break the +1.87 all-time-high   31628.89
Predicted date for today's price:    27-Aug-2017
Days ahead:    -4.84
Daily price rank:    1
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00330480030412776++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.108342161383926+%29   

[cheech300]

If the price remains stable at this point, we will have the first positive BETI in more than 3 years

Date:    1-Sep-2017
BETI:   -0.016
VWAP:    4808.17
x:    2603
a:    0.00330
b:    -0.10834
Rsq:    0.81910
The day's expected price:    4885.63
Actual price / expected price:   98.41%
Price to break the -2.23 all-time-low   526.00
Price to break the +1.87 all-time-high   31628.89
Predicted date for today's price:    27-Aug-2017
Days ahead:    -4.84
Daily price rank:    1
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00330480030412776++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.108342161383926+%29   

Oh boy, i´m glad my brother showed me your thread.... the first 0 BTI since years....  fasten your seatbelts, getting some Popcorn... lets go!

[jl2012]

Date:    3-Sep-2017
BETI:   -0.077
VWAP:    4553.45
x:    2605
a:    0.00330
b:    -0.10825
Rsq:    0.81943
The day's expected price:    4917.10
Actual price / expected price:   92.60%
Price to break the -2.23 all-time-low   529.39
Price to break the +1.87 all-time-high   31832.63
Predicted date for today's price:    10-Aug-2017
Days ahead:    -23.25
Daily price rank:    5
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00330469168980936++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.108247699327808+%29   

[jl2012]

0 BETI and ~$5000 seem to be an important resistance

[jl2012]

Date:    5-Sep-2017
BETI:   -0.155
VWAP:    4234.99
x:    2607
a:    0.00330
b:    -0.10802
Rsq:    0.81975
The day's expected price:    4947.48
Actual price / expected price:   85.60%
Price to break the -2.23 all-time-low   532.66
Price to break the +1.87 all-time-high   32029.32
Predicted date for today's price:    19-Jul-2017
Days ahead:    -47.06
Daily price rank:    13
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00330443273942119++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.108022324800932+%29   

[jl2012]

[vit05]

Actual price / expected price:   98.41%
Actual price / expected price:   92.60%
Actual price / expected price:   85.60%

I know China have had a great part on that, but it couldn't be only coincidence.

[dieselapa]

Actual price / expected price:   98.41%
Actual price / expected price:   92.60%
Actual price / expected price:   85.60%

I know China have had a great part on that, but it couldn't be only coincidence.

What do you mean, what would be the reason then?

[josegines]

0 BETI and ~$5000 seem to be an important resistance

very successful

[tigertigertiger]

can we have any updates please?   

[jl2012]

Sorry, have been distracted by other things

Date:    28-Sep-2017
BETI:   -0.234
VWAP:    4187.55
x:    2630
a:    0.00330
b:    -0.10342
Rsq:    0.82307
The day's expected price:    5289.09
Actual price / expected price:   79.17%
Price to break the -2.23 all-time-low   569.43
Price to break the +1.87 all-time-high   34240.87
Predicted date for today's price:    19-Jul-2017
Days ahead:    -70.78
Daily price rank:    23
   
   
(See OP for explanation)   
   
   
   
https://www.wolframalpha.com/input/?i=e+%5E+%28+0.00329917145602274++%28+number+of+days+since+jul+17%2C+2010+%2Fdays+%29+-0.103418811854715+%29   

[jl2012]

It bottomed at about -0.41, and is currently around -0.3. The next resistance is -0.2 ($4330)

By the way, we need >$5300 to get a BETI of 0

[jl2012]

Zooming out: