Post
Topic
Board Speculation
Re: EVERYONE CALM DOWN
by
legolouman
on 06/09/2011, 21:42:12 UTC
what if the price falls below the green line. will you just redraw the bottom green line and say all is well again?
We'll talk about when and if it happens if you are still around you can always necrobump the thread and provide an alternative explanation  Cheesy

I agree, that makes sense.


The Green Lines are representing the Highs and lows of the BTC value. It HAS NOT gone outside of those lines, and the lines remain a shallow angle.
Of course it hasn't, because if it did then the green lines wouldn't be where they are now. Even if the price falls to 0.01 all you need to do is add older trades and wait until it recovers to 0.011 to make the trend be up.


You clearly aren't looking at the picture. It consistently hits the line and then goes back up. If it dropped to .01 then the graph wouldn't consistently hit the bottom of the trend and come back up, they would just be dips.