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Vincent Duchaine
@V_Duchaine
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Founder @Wealth_Umbrella Professor/researcher in robotics, signal processing & AI. Applying data science to decode market trends. Investor NOT financial advisor
Joined November 2023
@huangkuan 😅I will! But let’s be honest—if any human could morph into Bitcoin, Michael Saylor would already be halfway through the transformation!
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@haque_nasir Please read the article we posted yesterday. We cover this topic and give our game plan.
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@udayan0809 If you are a WealthUmbrella member, all our indicators are in the InviteOnly section.
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The value you see on the 1H chart is not valid. Almost all underlying data are in a daily timeframe, and when switched to 1H, TradingView renders garbage. Regarding cooling down, Metcalfe's Law estimates the value of a network as the square of the number of its participants. Therefore, a price cooldown is one way to moderate it, but another method is by increasing the number of people on the BTC network. Currently, there is a strong inflow of new participants into the network.
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Actually, the confusion may come from the fact that our updated TradingView version will just move the current daily point to the current value until the end of the day. This means, for instance, that although we reached 2.66 today, you currently don't see it because the point is at the current value. This is unlike our Glassnode version, which updates on an hourly basis.
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@user270127 @RumiOnRails 😅You are right. Well, we will investigate our live version; sorry for that, this new version is only half a day old. That being said, I am surprised by the disparity, as the history of both version aligns perfectly, and I kind of feel the new live version makes more sense.
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TradingView recomputes it at the end of the UTC day, but the data is only available a few hours later, so the reading is unreliable between 8 PM to 2 AM Eastern Time. We have just finished coding it on an hourly data feed outside of Trading view. The current reading is now 1.67 with today's price action.
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@RumiOnRails The real time data needed to compute that indicator are not available in Trading View. But we are coding one that will sent automated alertes at certain level.
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@bagbuleong76379 Most indicators are at the market level, but if stocks are well correlated with market movements, they can be used on them. We are working on a product that will focus almost entirely on individual stocks, but it should only be released around January 2025.
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