Crypto Voices

PE69: How often is Bitcoin UNDER trend??

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-ninth video installment from Porkopolis Economics, cover...

2023-05-17

Episode notes

Check out show sponsor Coinkite: https://coinkite.com/


Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/




This is the sixty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.




Contents


00:00 Intro


01:01 First times breaking above & below


03:06 Into and out of crypto winter


06:21 Nov-2018 puke below


07:51 Trends around 2021 double top


12:55 Closing answers!!




Here I talk about the power regression trendlines over Bitcoin's price. From Bitcoin Pizza day in 2010, to the present. Three questions I answer in this video:


1) How many times has Bitcoin's price pierced its trendline?


2) What % of the time overall is this movement?


3) Does Bitcoin's price stay above its trendline more or less than under?




All-time trend coefficients to draw it yourself:


Power formula: y = a * x ^ b


Coefficients found: y = 7.70E-18 * x ^ 587%




Prior videos with further info:


Yesterday's power regression: https://www.youtube.com/watch?v=yUTigJRqwA0




Host: Matthew Mezinskis


https://porkopolis.io


https://twitter.com/crypto_voices




Show content is not investment or financial advice in any way.