BitcoinLong
EPOCH 3: A 60-Week–Long Bubblecast
This exponential model was carefully rendered from historical trade action data. Lower support trend breaches at this point do not alter the indicated price targets; ranges are still to be considered accurate.
[N.B. Mt. Gox was an active exchange throughout most of the time this empirical information was collected but, of course, is no longer. Consequently, the large-scale structure of the growth paradigm may be altered.]
•The regions detailed in my post "INTRA-BUBBLE LOWS PERIOD … " are represented above using pairs of RED|VERTICALS with an interior span of ├5 WEEKS┤, within which the intra-bubble bottoms (indicated with red adjoining beam) occur, and with no greater than ╟36 WEEKS╢ between any adjacent set of pairs.
•BLUE|VERTICALS, of interior span ├4 WEEKS┤, demarcate the boundary between adjacent 'double-bubble' pairs by partitioning the chart into ╟64 WEEK╢ regions of accelerating exponential growth shown by the GREEN↗DASHED trend lines.
EPOCHS: I find that bubbles occur in pairs, taking place over intervals with exponential lower bounds that spontaneously accelerates in the interim region between one pair and the next, as described above. I call these time periods 'epochs'. The PURPLE|VERTICALS are near where the major pre-bubble acceleration occurs. The last two bubbles took place in Epoch 2, or E[2], thus the next two will occur in Epoch 3, whose trendline E[3] forms the border between the orange and green triangular areas of the projection. Tautologically, bubbles in the same pair have more in common than ones which are not.
•The DOTTED HORIZONTALS: ┈ORANGE┈ and ┈RED┈ indicate the maximum* [open/close] and highest [high] possible, respectively, for each given peak. ┈PURPLE┈ defines post-bottom support by averaging two nearest maxima*.
•TRIANGLES: I've triangulated the double-bubble projection, outlining where possible peaks are likely to occur, using intuitive color-coded regions intended to reflect the range of expected prices/pressures around those times. It is anticipated that all future candles will intersect or lie wholly within these areas. GREEN is a 'safe' channel, of avg. [upward] movement; ORANGE: [mixed] signal; and RED: strongly [downward] pressures. In effect, this amounts to a kind of probability gradient over the possible future price trajectories; red zones being more untenable than orange ones; and orange, less so than green, hence why I didn't simply draw a 'bar pattern'.
⊕ See pastebin.com/gwjHYZBS for a full description which would not fit in this space.
[N.B. Mt. Gox was an active exchange throughout most of the time this empirical information was collected but, of course, is no longer. Consequently, the large-scale structure of the growth paradigm may be altered.]
•The regions detailed in my post "INTRA-BUBBLE LOWS PERIOD … " are represented above using pairs of RED|VERTICALS with an interior span of ├5 WEEKS┤, within which the intra-bubble bottoms (indicated with red adjoining beam) occur, and with no greater than ╟36 WEEKS╢ between any adjacent set of pairs.
•BLUE|VERTICALS, of interior span ├4 WEEKS┤, demarcate the boundary between adjacent 'double-bubble' pairs by partitioning the chart into ╟64 WEEK╢ regions of accelerating exponential growth shown by the GREEN↗DASHED trend lines.
EPOCHS: I find that bubbles occur in pairs, taking place over intervals with exponential lower bounds that spontaneously accelerates in the interim region between one pair and the next, as described above. I call these time periods 'epochs'. The PURPLE|VERTICALS are near where the major pre-bubble acceleration occurs. The last two bubbles took place in Epoch 2, or E[2], thus the next two will occur in Epoch 3, whose trendline E[3] forms the border between the orange and green triangular areas of the projection. Tautologically, bubbles in the same pair have more in common than ones which are not.
•The DOTTED HORIZONTALS: ┈ORANGE┈ and ┈RED┈ indicate the maximum* [open/close] and highest [high] possible, respectively, for each given peak. ┈PURPLE┈ defines post-bottom support by averaging two nearest maxima*.
•TRIANGLES: I've triangulated the double-bubble projection, outlining where possible peaks are likely to occur, using intuitive color-coded regions intended to reflect the range of expected prices/pressures around those times. It is anticipated that all future candles will intersect or lie wholly within these areas. GREEN is a 'safe' channel, of avg. [upward] movement; ORANGE: [mixed] signal; and RED: strongly [downward] pressures. In effect, this amounts to a kind of probability gradient over the possible future price trajectories; red zones being more untenable than orange ones; and orange, less so than green, hence why I didn't simply draw a 'bar pattern'.
⊕ See pastebin.com/gwjHYZBS for a full description which would not fit in this space.
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