BTC long term idea based on logarithmic chart. Short term up to high 28-29k, then down to 10-12k before move up. The momentum of BTC is slowing. Each consecutive cycle has less steep trendlines. The upper trend lines tend to confirm the lower trendline. Based on the last 2 cycle highs of BTC we can anticipate the lower trendline which would bring BTC down to 10-12k.
Logarithmic analysis is a statistical approach that uses historical data to forecast and predict future prices. In this case, the Logarithmic growth curve takes all the historical price data of Bitcoin and uses log growth analysis to develop curves that project a potential path of future price growth. Historically, we have seen Bitcoin price tends to bounce...
reviewing from my older chart that tried to make sense of the last the last ATH from Bitcoin against the money supply (money printing) can clearly see it broke the previous support price and is still struggling to get above even with all this 'extra' money floating around many big financial companies are liquid right now, there is plenty of opportunity from the...
Measured dates and % move of wave 1 from 3/2020 till start of W2 and copied & extrapolated that same move from June 2022 $903 channel bottom (also 618% fib retrace of the wave 3) this gives us a realistic target of about $5,800-$6,100 EOY if bottoms in and my chart is correct on the log 3D.
Moving BTC into a Logarithmic chart on the weekly we can get a different perspective. I don't make the rules guys.
This is just adding onto my logarithmic regression-inversion theory and how I personally believe the $BTC price movements may specifically play out. The general theory is that the logarithmic regression of $BTC will invert at a certain point in the next 1-3 years, changing the price suppression $BTC has had for its whole life into exponential support. I personally...
Here we can see the PI cycle top flashed early much like 2013 In 2013 it was April fools day when BTC started its correction BTC reached the Center point of logarithmic regression around July 1 This correction was only 3 months in length I do see a similar pattern here, If this plays out like the super cycle in 2013 then my personal targets are: Center of...
We are now in the bottom of Bitcoin logarithmic regression, hopefully we don't break down from here. Now we rejected from 300 weekly moving average, same with March 2020 covid, 200WMA not powerful anymore, now we use 300WMA.
SOS USDT - One more drop or are we about to be done with this channel on log?
Always chart bitcoin monthly in log I called 18k target with this a few months ago Let's go to work on it ;-) GRI 2022
#BTC/USDT trend lines in weekly log chart price is above a support zone and trend line that make it strong. 🐻 break down from trend line will drop price into support zone that price have to hold $16k, otherwise break below this zone can drop price to $10k so easy. 🐮holding this trend line as support may help bulls to touch $30k.
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Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have...
You short, anon? Lots of evidence pointing to the downside here. (I am currently aware of a bug for people viewing my posts on various devices where they see nothing. Something to do with my firefox configuration which I will fix soon, until then you can visit my chart link to see my charts if unable to see here) I think we have only just started downside...
Notice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci). History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price...
#Bitcoin has been following the same regression curve since its conception. If it's to be believed that this curve will truly last forever, then #Bitcoin will also just be hurling towards its inevitable death spiral down to zero. While there are probably a select amount of people that still think this is possible, I personally don't subscribe to that theory. This...
Couldnt hold past level now forming a bullish falling wedge. In the past BTC outperformed the stock market but also had pullbacks. Logarithmic regression.