Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Probably my main criticism would be the presumption that the upwards slope is flattening as much as you are depicting it to do or that it is inclined to do..
I'm not depicting that the upwards slope is flattening, or presuming such a idea. Bitcoin's price has depicted such a fact, no-one else. Either that, or logarithms are a failed form of mathematics, despite being universally accepted since the 17th century. It's been developed over the centuries but otherwise remains a relatively simplistic equation, and yet to be proved wrong. Nuff said.
You can proclaim it as maths and sciences until you are blue in the face, but I see that your chart has upside limitations on king daddy of about $280k until the early part of 2023 and your more drawn out chart does allow the amounts to continue to rise, and it is not exactly easy to read what those limitations into late 2025 and even 2026/2027 would be, but those limits seem to be quite a bit more restricted than I would consider them to be. [...] If you were able to zoom in on 2023 to 2027, I would be interested to see those numbers more clearly, and I will bet that my opinion of our range is broader and my opinion about the upside is higher, and I could give less than two shits about your supposed math and sciences that are supposedly driving your supposed version of truth.
Ok, as requested, based on the TV indicator "log growth cruves", here is a zoomed in version of 2023-2027. As well as is possible to achieve at least.
Since it's still near impossible to accurately identify the upper band, here is the rounded data from some crudely drawn lines (roughly identified):
2022: $148K
2023: $232K
2024: $360K
2025: $558K
2026: $838K
2027: $1.29M
2028: $1.9M
For sure this log growth is only as accurate as when Bitcoin's price remains within it, as it has been the case for the past 10 years. If it were to break above or below and stay there, for example above ~$250K this year, and continue higher, then for sure it'd be invalidated. With the three touch-points from the peaks, it wouldn't be possible to re-calculate the upper band without missing a peak out, or "shifting it" as you put it.
One thing about locking in a chart would be that the chart is what it is at that particular time, but I imagine if our lillie fiend, aka king daddy, ends up performing too much at the top of the parameters in the chart, then such parameters will be shifted up in later charts.. and the same is true with the range that appears to be narrowing.. they can be tweaked to account for the subsequent data.
Not the case anymore I'm no.
Price will remain within it until it no longer remains within it, to put it simply. Previously with only two touch-points there was no accurate log growth, as the curve could merely be "shifted" to fit such a narrative, but since the 2017 top there is no shifting left that is possible. Ultimately this is why I like this log curve, because while it may not be right, like Bitcoin, this curve of logarithmic growth is immutable.
For context and reference sake, the above chart is an exact replica of the zoomed-in version previously posted:
