This is an oscillator version of the above. When the indicator is at / near 1 then Bitcoin price is at / near the upper range of its long-term logarithmic growth trend. When at / near 0 then price is at / near the lower range of that trend.
This indicator only works with the BLX Brave New Coin Index (ticker:BLX) and only on 1 day, 3 day, or 1 week timeframes.
Is it significant that it's been crawling at the lower resistance line ? S/R flip ?
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JeppoClive
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I think it would be very useful if it also worked with the monthly timeframe. Is it possible to get a version working with monthly timeframe? Thank you