Why most BTC long-term charts is WRONG
Updated
Hey all! Welcome to this short but interesting BTC long term analysis. I see a lot of people literally PANICKING atm. because of the break of our current long term log-trend. What people might not realise is that these types of trends is NOT working well with BTC over the long term. Just look at the chart. Over the last 8-9 years we've had 3 long term logarithmic trends, which all have been failing. Even though we broke through the trend back at $5, did it matter? We did eventually go to 19k.
Seriously speaking, people need to relax and just go with the flow. These market cycles happens all the time in different markets, so it's clear it's many "new" people in here which have never ever been in a bear-market. We have not yet found and tested the trend I got in this chart, which I personally got more faith in;
BLX got the most BTC history from back at $0,05 showing all the cycles and big-trends. They've all failed, but we are still not at $5, are we? See for yourself
Agree? Hit the +1!
Seriously speaking, people need to relax and just go with the flow. These market cycles happens all the time in different markets, so it's clear it's many "new" people in here which have never ever been in a bear-market. We have not yet found and tested the trend I got in this chart, which I personally got more faith in;
BLX got the most BTC history from back at $0,05 showing all the cycles and big-trends. They've all failed, but we are still not at $5, are we? See for yourself
Agree? Hit the +1!
Note
I have given a new analysis on the BLX index (Bitcoin index with the most history on TV) with fractals of halvings etc, make sure to take a look;
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