AdamGregar

Long term view - log scale

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1595 5 6
- Until we stay under red line, we are not in a real bubble.
- Until we stay above the bottom trend line , BTC is not really undervalued.

(both stated above is only my humble personal opinion)
Wait...wut?
Both statements == "true"
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I think you mean "AS LONG AS", not "UNTIL". Maybe English is not your primary language.
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AdamGregar nmreich1
Thanks for the correction, yes, I'm not native speaker :-)
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Do you not think that the lowest point of the crashes of 2011 (October) and 2013 (April) should indicate where the bottom trend line is? I find it difficult to believe that both of these crashes - which were very extreme - didn't hit the bottom trend line.
Bitcoin Long Term Log Chart
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AdamGregar JohnMcnamee
I see bottom trend line as the connection between lowest points in BTC chart (together with tops forming the channel we are currently in). Imho connecting low points following each bubble is not crucial for general trend, these are just corrections and therefore can only tell something about the potential low of any future post-bubble correction. This is of course just my opinion and (unfortunately) I don't own the patent for truth-seeing :-)
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