Bitcoin Monte Carlo Projection (OVER $50,000)
Displayed are only 90 random walks that represent a distribution table for Bitcoin projecting values up to $50,000.
Given that the value of bitcoin is dependant on adoption, some random walks result in values below zero dollars and represent a realistic likelihood of Bitcoin becoming a worthless asset.
Despite this possibility, most values are above the current trading price and will eventuate to a median that sits above $50,000.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
The plotted projection factors time as a key element and determines a value larger than $50,000 by May 2019.
Given that the value of bitcoin is dependant on adoption, some random walks result in values below zero dollars and represent a realistic likelihood of Bitcoin becoming a worthless asset.
Despite this possibility, most values are above the current trading price and will eventuate to a median that sits above $50,000.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
The plotted projection factors time as a key element and determines a value larger than $50,000 by May 2019.
Note
You can see this model again below with 375 random walks:Note
Rally Incoming!
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.