Working on the idea of bitcoins parabolic growth curve, i got the idea from parabolic trav who has some great videos on the subject if you checkout his twitter; twitter.com/parabolictrav
and also outlining the new channel btc has been following for the past 12 months (i do not think we are following the historic trend with the 1million or so new users that are pouring into the space PER WEEK over the past 3 months)
check out ARAICHERS work for the trend lines we are currently looking at (currently following the silver trend......
also showing the 235 day cycle which has been reliable indicator of tops (apart from the china FUD over the past 2 cycles but you can still see how it follows this more or less ot hte local tops:
see here
could be 100% wrong but will be interesting to look back and see how the parabolic curve turns out.
and also outlining the new channel btc has been following for the past 12 months (i do not think we are following the historic trend with the 1million or so new users that are pouring into the space PER WEEK over the past 3 months)
check out ARAICHERS work for the trend lines we are currently looking at (currently following the silver trend......
also showing the 235 day cycle which has been reliable indicator of tops (apart from the china FUD over the past 2 cycles but you can still see how it follows this more or less ot hte local tops:
could be 100% wrong but will be interesting to look back and see how the parabolic curve turns out.
Trade active:
Week is still early and despite breaking the channel we are still in the trend, but as per the last 2 big dumps/corrections of 40%plus if it gets back in the channel within a couple of candles (2 more weeks) all is still following the idea closely..