Post
Topic
Board Speculation
Re: I'm not shorting anymore
by
TERA
on 19/05/2014, 12:51:04 UTC
Actually bitcoin bulls would find this picture to be BEARISH because it implies that bitcoin is growing on a linear scale.

It does... Until the double-exponential rally happens, as it did 4 times now, and which should start soonish, as in early this summer. See if you notice any patterns on this logchart:

I noticed a pattern:



There was an increasing slope of support level, which was broken.

I'm not saying it's dropping to the purple line on the bottom but there is nowhere on the chart to look at besides that. It is clueless guesswork to try to find where support will be.