This is a version of the Log Growth Curves previously published by Quantadelic. The update includes customizable fib levels and filled upper and lower bands. This script is only intended for the Bitcoin log chart to reflect the channel that can be found on a log/log Bitcoin chart. The projections out from current levels are theoretical path of BTC based on the current trajectory.
In theory, reaching into the bottom zone of this chart is a good zone for accumulation while the top zone is a good are for distribution.
Hello guys, 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.
Copege
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Btc seems to be rejecting the lower line now, any thoughts ?
sundaydre1
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Keep up with good work brother....lovely work
nagihatoum
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curve should dip a bit more at the end to be flush with 2018 ath.
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.
For guys who concerns to apply the same logarithmic regression concept on any kind of tickers, could try on this one:
tradingview.com/script/uBQVS2is-Universal-logarithmic-growth-curves-with-support-and-resistance/
- 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.