Well the $5686 I have been calling for months here on TV is based off of trendlines
using extrapolation from the very peak of $19k. when I first started charting 5mo. ago. The pattern showed that once we hit the specific $5686 or below on the 1day chart on GDAX (now Coinbase Pro) we will be open to new ATH's. It's like the pattern needed to hit that low before BTC
could go parabolic like it did back at the end of 2017 Why? IDK yet and am working on refining and improving this new system of TA. I think in time as I learn more, this system of extrapolation based on linear regression technical analysis
success rate will improve.
Finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
"extrapolator". By definition in Mathematics it is to estimate (a value of a variable outside a known range) from values within a known range by assuming that the estimated value follows logically from the known values. PEACE