This script is a combination of different logarithmic regression fits on weekly BTC data. It is meant to be used only on the weekly timeframe and on the BLX chart for bitcoin. The "fair value" line is still subjective, as it is only a regression and does not take into account other metrics.
This is exactly what I am looking for but when I add it to my add it to BLX chart on a weekly time frame it curves the opposite direction. I am new to pine script and trading view and would love it if someone could tell me what I am doing wrong! Great work btw.
Edit - NVM I figured it out lol sorry and thanks again.
I have seen many scripts in the community is going after @quantadelic hardcoded logarithmic growth curve published in 2019 and other users found the hardcoded curve stopped updating so they have to make a new hardcoded script after a period of time. a lot of redundant hardcoded "Bitcoin growth curve" scripts was born in the public library.
- Auto-update the curve (it would be a hard-coded, locked coordinate script like this code) - Shape of lines are all linear adjustable - Height difference of levels and zones are customizable - Support and resistance levels are highlighted
@quantadelic already left the community, he is unable to reply comments or publish new script. So we need to maintain this script by ourselves now.
nilanjan62
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nothing is showing
memotyka9009
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@nilanjan62, This isn't a general script, only specifically fit to the BLX bitcoin data on the weekly time frame.
cgminer997
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Any chance to get extra log (white) upper3? That' how it looks on bitstamp:
Zeke704
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@cgminer997, crazy it hit that white top and got rejected. Could the top be in...
Edit - NVM I figured it out lol sorry and thanks again.