It is a long term BTC analysis based on the weekly log chart.
It is observed that BTC moves in cycles followed by abrupt and accelerated movements upwards with a high volatility.
Timeline
Inception (Jan 2009 - July 2010?) -> 1st acceleration (July 2010? - June 2011)> 1st cycle (June 2011 - Jan 2013) -> 2nd acceleration (Jan 2013 - Nov 2013) -> 2nd...
It is a long term BTC analysis based on the weekly log chart.
It is observed that BTC moves in cycles followed by abrupt and accelerated movements upwards with a high volatility.
Timeline
Inception (Jan 2009 - July 2010?) -> 1st acceleration (July 2010? - June 2011)> 1st cycle (June 2011 - Jan 2013) -> 2nd acceleration (Jan 2013 - Nov 2013) -> 2nd...
Very crude. an initial idea about an existence of a pivot point that determines the trade position in relation to Bear - Bull trend
in this chart, daily, the pivot point was the highest daily close after the significant drop
please comment
