Decided to dive deep into logarithmic charts for BTC for my own peace of mind.
What we are seeing quite clearly each cycle is that the angle from top to top is halving each time. We are also seeing a pattern from bottom to top in each cycle being roughly 0.619 times the previous angle from bottom to top. The effect of this is that we can accurately predict the angle from top to top and bottom to top in our current cycle! This gives us a realistic top marker as can be seen at around $120k. It also looks like this might take longer than initially thought.
Let me know what you think; could this be a realistic pattern or just scribblings of a mad man?
What we are seeing quite clearly each cycle is that the angle from top to top is halving each time. We are also seeing a pattern from bottom to top in each cycle being roughly 0.619 times the previous angle from bottom to top. The effect of this is that we can accurately predict the angle from top to top and bottom to top in our current cycle! This gives us a realistic top marker as can be seen at around $120k. It also looks like this might take longer than initially thought.
Let me know what you think; could this be a realistic pattern or just scribblings of a mad man?
Comment:
Looks like publishing this has messed the formatting slightly - if you drag the X and Y Axis until the lines match top to top and bottom to top that it is more legible.