4. Now take the difference between the natural log of HH and the fib ratio multiplied by the log returns
5. Say, ln(HH) - (0.382*R). Call it A
6. Finally, take exp(A)
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— Bharat Sahni (@NiveshakBharat) September 29, 2021
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
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