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Exercise-Discipline
Dec 26, 2017 2:33 PM

Parabolic advance has been broken. Short

Bitcoin / U.S. dollarBitstamp

Description

Classic bubble picture where things look like they're 'returning to normal'.

But the parabola has already been broken.

Unlucky lads
Comments
RonVLT
Your parabola drawing is off I reckon. How does it curve way up like that?
Exercise-Discipline
@RonVLT, that's the nature of a parabola
Moum413
@TanayUK, lol lol
RonVLT
@TanayUK, 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.
RonVLT
@RonVLT, I am not hating or bashing by the way, just pointing out what I observe.
Exercise-Discipline
@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?
RonVLT
@TanayUK, Just adjust the lower line to touch the lowest point of the last 'dip' and it's fixed, IMO
doclikes2
@RonVLT, lol this look nonsense to me
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Exercise-Discipline
@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?
Timz27
@TanayUK, The tech bubble happened when the money put in to companies was in the trillions, and it was just in the US
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