Exercise-Discipline

Parabolic advance has been broken.

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Classic bubble picture where things look like they're 'returning to normal'.

But the parabola has already been broken.

Unlucky lads

Comments

Your parabola drawing is off I reckon. How does it curve way up like that?
+5 Reply
@RonVLT, that's the nature of a parabola
Reply
Moum413 Exercise-Discipline
Reply
RonVLT Exercise-Discipline
@Exercise-Discipline, your lower line is too drawn upwards, it doesn't follow the trend properly. If it were to be drawn right, than we would still be within the parabolic curve.
+1 Reply
RonVLT RonVLT
@RonVLT, I am not hating or bashing by the way, just pointing out what I observe.
Reply
@RonVLT, ok I see what you mean, however I didn't draw it by hand, I just set the mid-point of the parabola

could you share a chart showing your version?
Reply
RonVLT Exercise-Discipline
@Exercise-Discipline, Just adjust the lower line to touch the lowest point of the last 'dip' and it's fixed, IMO
Reply
@RonVLT, lol this look nonsense to me
\
+1 Reply
@doclikes2, all these comments are what I would expect in a bubble....did you guys even live through tech bubble / property bubble and have assets on the line?
+1 Reply
M27Dragon Exercise-Discipline
@Exercise-Discipline, The tech bubble happened when the money put in to companies was in the trillions, and it was just in the US
+1 Reply
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