Bitcoin Power Law Clock [LuxAlgo]

The Bitcoin Power Law Clock is a unique representation of Bitcoin prices proposed by famous Bitcoin analyst and modeler Giovanni Santostasi.

It displays a clock-like figure with the Bitcoin price and average lines as spirals, as well as the 12, 3, 6, and 9 hour marks as key points in the cycle.

🔶 USAGE



Giovanni Santostasi, Ph.D., is the creator and discoverer of the Bitcoin Power Law Theory. He is passionate about Bitcoin and has 12 years of experience analyzing it and creating price models.

As we can see in the above chart, the tool is super intuitive. It displays a clock-like figure with the current Bitcoin price at 10:20 on a 12-hour scale.

This tool only works on the 1D INDEX:BTCUSD chart. The ticker and timeframe must be exact to ensure proper functionality.

According to the Bitcoin Power Law Theory, the key cycle points are marked at the extremes of the clock: 12, 3, 6, and 9 hours. According to the theory, the current Bitcoin prices are in a frenzied bull market on their way to the top of the cycle.

🔹 Enable/Disable Elements



All of the elements on the clock can be disabled. If you disable them all, only an empty space will remain.

The different charts above show various combinations. Traders can customize the tool to their needs.

🔹 Auto scale



The clock has an auto-scale feature that is enabled by default. Traders can adjust the size of the clock by disabling this feature and setting the size in the settings panel.

The image above shows different configurations of this feature.

🔶 SETTINGS

🔹 Price

• Price: Enable/disable price spiral, select color, and enable/disable curved mode
  
• Average: Enable/disable average spiral, select color, and enable/disable curved mode
  

🔹 Style

• Auto scale: Enable/disable automatic scaling or set manual fixed scaling for the spirals
  
• Lines width: Width of each spiral line
  
• Text Size: Select text size for date tags and price scales
  
• Prices: Enable/disable price scales on the x-axis
  
• Handle: Enable/disable clock handle
  
• Halvings: Enable/disable Halvings
  
• Hours: Enable/disable hours and key cycle points
  

🔹 Time & Price Dashboard

• Show Time & Price: Enable/disable time & price dashboard
  
• Location: Dashboard location
  
• Size: Dashboard size