Just a random observation from blockchained :
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I've been waiting for someone to say that...
edit: or more helpfully - from the blockchained website that produced the long term trendline:
'The fit curve is an exponential percentual to the chart least squares fit - in other words: I played around until it looked good. '
Though, that's not to say it isn't interesting that it did bounce off the line - the power of belief and all that. Unfortunately, it'll only be a short reprieve...