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Nowind-
Jul 15, 2017 11:16 AM

Why I believe Bitcoin is not in a Bubble Mode yet Long

Bitcoin / U.S. dollarBitstamp

Description

My First post here. The reason behind this post is to remind me to be careful about shorting Bitcoin.
Comments
Mogwai85
Interesting to play this forward to Dec 2017. What are your thoughts on the channel now?
fineregex
trendlines are flawned.
natrual groth is neither logarhymtic/exponential nor linar but in between and changing over time.
Natrual groth may first be exponential later the opposite/approaching zero.
modiby
Quality post. Thanks
johnny_cash
Hi I love your chart . Which kind of scale did you use ? Logarythmic ? I don't know how to do that .
Nowind-
@johnny_cash, Hi thank you! Yes it is log chart. You should see that on options I believe.
UnknownUnicorn1038536
@BullX, log scale makes it look not so bad, but the amplitude of the channel is like ±60% from the mean.
bluswan555
Great! Thoughts on LTC similiar?
Nowind-
@bluswan555, LTC might have different path because of recent Segwit and Charlie Lee News, I'll try to post asap.. He works really hard to promote it, and I like the effort.
anacondabitch
i agree prices fall because it will give further momentum to continue the trend in between red and green area, time to update charts
anacondabitch
@anacondabitch, then again you can remove bullish thought in aug 1
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