liamcambra
Long

Bitcoin getting ready to move up again. (Log Scale & Inflation)

This chart shows Bitcoin controlled for inflation on a log scale.
Notice the Monthly Bollinger Bands have never been this close and resulted in a downward move.
HODL.
Comment: Bottom of 22 (~$5500).
If that support fails, it could go as low as 5.2 (~$1300).

Comments

We just touched the bottom of your channel, that's quite bearish isn't it? 1500 USD here we come
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BBs are worthless on oldlog scale monthly. That said, very interesting chart. Thanks
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oaksacorn oaksacorn
@oaksacorn, on log scale monthly
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you dont think its bottomed already?
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