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Bitcoin 4 Year Cycle with trend line on logarithmic chart
Comment:
Here is update to 4 year Bitcoin cycle chart
Comments
Ah yes the good old garbage bitcoin cycle plot. Every someone pulls this or log plot with support lines I cringe. Bitcoin graduated from kindergarten and guess what it learned something important, over leveraged illiquid markets get crushed for bad behavior. Bitcoin will never break ATH again without some ACTUAL real world application to provide buy pressure stronger than mining sell pressure
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Sorry to say this will not happen. One or two more cycles at best, once regulations come into effect, there will be a lot less volatility in the markets. At the moment crypto is just speculation based on past trends. The market will completely change once regulations slow this down.
P.S I trade crypto so not trying to sh*t on the work you have done here, just not very realistic to think the market will move like this at all.
P.S I trade crypto so not trying to sh*t on the work you have done here, just not very realistic to think the market will move like this at all.
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@UnknownUnicorn2774089,
Depends on how you use a log chart. You can look at a linear chart and see a flat line, which gives you no info on what the coin is doing, or you can use a log chart to see all the fine detail that you wouldn't see on a linear.
There's a time and place to utilize both.
Depends on how you use a log chart. You can look at a linear chart and see a flat line, which gives you no info on what the coin is doing, or you can use a log chart to see all the fine detail that you wouldn't see on a linear.
There's a time and place to utilize both.
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