It seems as though our growth was planned way back in time.
I give you the most important line in Bitcoin history.
Everyone who sold above it is a winner. Watch out for this one in the future. Clearly big whales have been watching it (and it's parallels).
Someone has been steering these channels since way back.
Donations: 1DSGyr4TB4G77H4cM74EnSbzzCZRxmSpdK ---
Inspired by ronfkinswanson's (tradingview.com/v/NCzdzXnF/), this is now a Schiff Pitchfork and it's placed on the first 2011 bubble instead.
Comments
flibbr
⋅
Nice chart.
grusum
⋅
What are you implying here? Is it not possible this is a natural growth curve for a technology?
PJRoss
⋅
I thought that is exactly what he is implying...? most stocks do not have exponential growth, but technologies do. This shows the log trend, and shows you the selloffs above the trend etc
PJRoss
⋅
nice... i'm interested to know why you started in April 2011, and not Jan 2011 or Oct 2010? Did you start at the biggest bubble?
Thanks for this, it looks really useful
Voodah
⋅
What you see there is a Schiff Pitchfork. You can not just arbitrarily stick anywhere. The red A formed on the 2011 bubble are the handles, and they must be placed in the lowest low before the buildup, the high, and the low after the crash.