https://tvc-invdn-com.akamaized.net/data/tvc_d714150af5036f3ac73ed6f57a388476.png
In this chart (1-day), line A is a descending trend line from the peak of March 3. Line B is an extrapolation from a dip of July 16 2017 and beyond, that tries to approximate a hypothetical line of linear growth, as if the parabolic growth of 2017 had not occurred. Line C is the average of the distances between the dips of Feb 5, April 6, June 28 and August 10. This line I used as a base to draw the triangle, D, which is an attempt to predict the next cycle. This I did around Aug 10, and to my surprise, BTC has followed the ascending slope quite closely, so far. These lines raise some questions: What might happen around Sept 11, when the price trend is supposed to come back down, locally (line E). What might happen when this new local descending trend meets the hypothetical line of linear growth, B (at line F) around Oct 2? And, lastly, what might happen when said line B meets the superordinate descending trend line A, around Oct 18 (line G)? I'm really curious to see whether BTC price will settle on this line of linear growth, as if the huge parabolic growth of 2017 had been an anomalous deviation of a more sober trend of steady growth. I'd like to know your thoughts on this... Cheers!
In this chart (1-day), line A is a descending trend line from the peak of March 3. Line B is an extrapolation from a dip of July 16 2017 and beyond, that tries to approximate a hypothetical line of linear growth, as if the parabolic growth of 2017 had not occurred. Line C is the average of the distances between the dips of Feb 5, April 6, June 28 and August 10. This line I used as a base to draw the triangle, D, which is an attempt to predict the next cycle. This I did around Aug 10, and to my surprise, BTC has followed the ascending slope quite closely, so far. These lines raise some questions: What might happen around Sept 11, when the price trend is supposed to come back down, locally (line E). What might happen when this new local descending trend meets the hypothetical line of linear growth, B (at line F) around Oct 2? And, lastly, what might happen when said line B meets the superordinate descending trend line A, around Oct 18 (line G)? I'm really curious to see whether BTC price will settle on this line of linear growth, as if the huge parabolic growth of 2017 had been an anomalous deviation of a more sober trend of steady growth. I'd like to know your thoughts on this... Cheers!
Comment:
Please disregard the NANO chart that appears above, and click on the link in the text. I don't know how to get rid of the NANO chart...