as you see all the lines converge, that will be the bottom of the cup (around $1,08)
Here we see the trading corridor. We left the corridor in the end of the year and touched the $20 000, bears pushed us back to the corridor very quickly If the red line will be crossed and we will be testing the $8 000 level the drawing of the opposite movement can be projected ( the black line projection). If there will not be a quick return to the corridor, the...
Starting with 2014 on the logarithmic chart we can see the cycles BTC had from DUMP to DUMP. The cycle is getting shorter starting with March 2017. If we measure from the starting of the movement till the bottom we see that at the moment the drop is ~41%. Although the last drops were around ~32.9% average this time we surpassed this with ease, but still we are not...
Clear repetition of log chart patterns going back months / years. This time it's slightly more prolonged and could well be the end of the cycle - but looking very strong fro another push upwards. Fingers crossed.
Now we are talking !! Take that !! 70 dollars by the 19th !! Unless it goes mental on us ! Best of luck !!
Based on older trends before Bitcoin Cash began to take more prominent headlines, and before the adoption on Coinbase, we see that there seems to be big jumps to ATH after a more dull period of consolidation. Just an idea, all depends on actual adoption and news of course... Let me know your thoughts. Plotted on a logarithmic scale.
It's funny to see the reaction of people, staring in total disbelief at the prices. Why? Because they do not think in exponential terms. The human brain is just used to think in linear terms, exponential rises take a lot getting used to. But bitcoin? It was rising exponentially for a while, and now it entered over-exponential territory. This means that in the...