PentarhUdi
Long

No resistance till $15000 when $3500 will break up

BITSTAMP:BTCUSD   Bitcoin / Dollar
12736 23 69
When $3500 level breaks up on weekly basis - I see no resistances till ~$15000 level mark.
It seems BTC price follows the Moore's low by doubling every six month. It was originally 8 month to double, but it has changed to six, accelerating.
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That failed. He is still spot on in long term analysis though. But mid or even short term assessments he is just guessing as most of us.
+2 Reply
Failed?
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excellent sir.. thanks for sharing...
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Any updates? Thanks. I enjoy your TA's.
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Thanks for this. It would be great to get a revised/updated chart based on recent price action, once things settle down a little perhaps
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How can we assume that gains for any asset will remain logarithmic/exponential just because they once were? Thats like saying a penny stock that once was $.01 and grew to $10 must be on its way to $10,000 just because it saw x1000 gains before. Eventually exponential gains cannot be maintained. I understand who you are and your history of predictions, but saying that any asset will maintain logarithmic gains for such a long period of time just seems a little too far fetched. Dont get me wrong I'd love to see that happen, I am a hodler through and through. It just seems perhaps a little optimistic.
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@davexs28, You just can't compare penny stock with Bitcoin...
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davexs28 HangchengLiu
@HangchengLiu, Fine then any stock. Blue chip stocks even. Amazon isnt gonna grow another 1000x, or even 100x anytime soon.
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@davexs28, I should reframe my comment before. Let's put this way...Bitcoin is not a stock at all and there is no company behind it. Have you ever seen any stock grows from a few cents to $4500 a share in 7 years?
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