Yope BTC PL channelThis is a new version of the old "Yope BTC tops channel", but modified to reflect a power-law curve fitted, similar to the model proposed by Harold Christopher Burger in his medium article "Bitcoin’s natural long-term power-law corridor of growth".
My original tops channel fitting is still there for comparison. In fact, it looks like the old tops channel was a bit too pessimistic.
Note that these channels are still pure naive curve-fitting, and do not represent an underlying model that explains it, like is the case for PlanB's "Modeling Bitcoin's Value with Scarcity" which uses Stock-to-Flow.
The motivation for this exercise is to observe how long this empirical extrapolation is valid. Will the price of bitcoin stay in either of both channels?
Note on usage: This script _only_ works with the BLX "BraveNewCoin Liquid Index for Bitcoin" in the 1D, 3D and 1W time-frames!
It may be necessary to zoom in and out a few times to overcome drawing glitches caused by the extreme time-shifting of plots in order to draw the extrapolated part.
BLX
Bitcoin Liquid Indexbravenewcoin.com
TV doesn't allow you to view the Bitcoin Liquid Index on lower time frames if you aren't a Premium subscriber >:(
I cheesed the system by recreating the formula that BNC uses. It isn't an exact replica, but very very close!
It can be slow to load due to the security( ) calls.
Default settings use the timeframe of the chart, however, you can set a custom timeframe if you wish.
Cheers
DasanC
