recently, I have seen lots of people talking about looking at an exponential chart of bitcoin instead of a linear one, but is that what we should do?
The answer is you should, and you should not!
when the Bitcoin market was benign, looking at an exponential chart was the best way to anticipate how much price will rise or drop in each cycle, but now things have changed.
The bitcoin is not an unknown type of currency/money anymore, as a matter of fact, if you ask few random people on street about it, they will say that they are familiar with it, or they have used it once at least. So at this point, it would be better if you look at both linear and exponential charts because we do not anticipate a big number of new adopters entering the market.
what I am doing now is that I sold half of my entire bitcoins to buy under 15000$ and moved all the profits to other markets that I believe are going to experience exponential move, in particular XAGUSD. I will hold the other half, but if the next BTC move to 40000$ is not supported by volume, I will drop the next half since According to the chart there is a good chance to buy bitcoin even at 12000$ though it may take a year.
The answer is you should, and you should not!
when the Bitcoin market was benign, looking at an exponential chart was the best way to anticipate how much price will rise or drop in each cycle, but now things have changed.
The bitcoin is not an unknown type of currency/money anymore, as a matter of fact, if you ask few random people on street about it, they will say that they are familiar with it, or they have used it once at least. So at this point, it would be better if you look at both linear and exponential charts because we do not anticipate a big number of new adopters entering the market.
what I am doing now is that I sold half of my entire bitcoins to buy under 15000$ and moved all the profits to other markets that I believe are going to experience exponential move, in particular XAGUSD. I will hold the other half, but if the next BTC move to 40000$ is not supported by volume, I will drop the next half since According to the chart there is a good chance to buy bitcoin even at 12000$ though it may take a year.