Isn't changing the power from 4.08 to 3.94 'cheating'? I assume the -40% and -50% trendlines would change as well as a result, thus when price reaching those low levels, the lower bars would give you a false sense of 'safety'? By the way, compliments on your presentation. It is very clear and calm. Keep up the good work!
Yes, it's important to understand that the power law as I present it is the best fit based on 'all' data. Including what is happening everyday - there is another way to look at it which is the 'dynamic' version - i.e. what is the power law based on data up to that particular date. I'll create a version of the dynamic one too when I get the chance so we can accurately compare. Clever thought - thanks!
this is great. love your content. please keep it up!
Thank you!
Isn't changing the power from 4.08 to 3.94 'cheating'? I assume the -40% and -50% trendlines would change as well as a result, thus when price reaching those low levels, the lower bars would give you a false sense of 'safety'? By the way, compliments on your presentation. It is very clear and calm. Keep up the good work!
Yes, it's important to understand that the power law as I present it is the best fit based on 'all' data. Including what is happening everyday - there is another way to look at it which is the 'dynamic' version - i.e. what is the power law based on data up to that particular date. I'll create a version of the dynamic one too when I get the chance so we can accurately compare. Clever thought - thanks!
I am the law judge dredd😂
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Cycles perspective:
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