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Author Topic: Presenting the 670-day Bitcoin price cycle  (Read 7966 times)
hacknoid (OP)
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November 25, 2014, 05:24:09 PM
 #41

Nice post but Konrad S. Graf should be credited as well as he created the original YoY graphs. www.konradsgraf.com

Ah, good point.  I had read with interest the original year-over-year plot, but had long ago lost track of where I had seen it.  Credit where credit is due:  original year-over-year comparison article at http://konradsgraf.com/blog1/2013/7/25/tiger-cub-growing-up-bitcoin-weekly-average-closing-prices-y.html

Thanks, keystroke.

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November 25, 2014, 07:33:35 PM
 #42

Nice post but Konrad S. Graf should be credited as well as he created the original YoY graphs. www.konradsgraf.com

Ah, good point.  I had read with interest the original year-over-year plot, but had long ago lost track of where I had seen it.  Credit where credit is due:  original year-over-year comparison article at http://konradsgraf.com/blog1/2013/7/25/tiger-cub-growing-up-bitcoin-weekly-average-closing-prices-y.html

Thanks, keystroke.
+1 Smiley

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March 03, 2015, 10:42:59 AM
 #43

Can we get an updated graph?

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March 03, 2015, 03:04:55 PM
 #44

Can we get an updated graph?

Yeah that would be interesting! We actually went down quite a bit form the price in late July 2014! I think this doesn't match up to any previous performance!

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March 03, 2015, 03:46:02 PM
 #45

Yeah, please provide an updated version, I think this looks very interesting. I like all those graphs and keep thinking that they're a good indicator of what's to come since people act on them - a self-fulfilling prophecy just like TA!

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March 03, 2015, 05:25:49 PM
 #46

agreed update graph will give more conversation and speculation on price pls add it



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March 03, 2015, 07:38:04 PM
 #47

Yeah, please provide an updated version, I think this looks very interesting. I like all those graphs and keep thinking that they're a good indicator of what's to come since people act on them - a self-fulfilling prophecy just like TA!

I like the thought of influencing people by telling them the price cycle to expect then they just do it.  Still, what's the "TA"?  I didn't understand that reference.
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March 03, 2015, 08:02:59 PM
 #48

I was just thinking about this this week actually... Sure, I'll do up an updated graph either tonight or tomorrow.  I know it won't match at this point (we're past the point where the old peaks aligned), but let's see what it looks like...

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March 03, 2015, 10:53:30 PM
 #49

agreed update graph will give more conversation and speculation on price pls add it

Agreed, looks like the price is trying to get back and stay into the long term trend atm.  If we can keep up on up from here over next month things will be looking great.
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March 04, 2015, 05:34:33 PM
 #50


OK, as requested here is the updated graph to 4 March 2015:



Now clearly we are falling behind the original trend, so the model is falling apart (I can't help but notice how much this graph actually is starting to look like Wobber's prediction!).  However, I think there is room to wiggle with.  For example, if I align the initial high points of the second peak in each cycle, we get a 694-day cycle which is still OK:



In this model, the run-up to the second peaks align across both previous cycles, and the general run-up to the first peaks also is more or less in agreement.  While we have been in a decline over the first part of the current (third) cycle, if we are indeed currently seeing a turnaround and a general upswing that would be in agreement with this revised model.


As I said before, I am mainly having some fun with this.  The data is what it is, but I am not (yet) convinced that this is really indicative of a recurring pattern, although I still believe there are natural patterns that will occur in nature (that is the basis for all TA, now, isn't it?)

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hacknoid (OP)
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November 24, 2015, 12:42:22 AM
 #51


I'm going to close off this thread by posting some final updates on the graphs; by now it's clear the trend was not followed, however, it has led me to do some more analysis and come up with some more interesting results, discussed in this new thread.

Here are the final graphs for the 670 day and 694 day price cycles, showing them breaking down:




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November 24, 2015, 10:36:20 PM
 #52

Nice work on the graphs. Too bad the trends weren't followed, could have been interesting for many people and their wallets Wink

Maybe a new trend is emerging.
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