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Longest bitcoin chart on tradingviewBitcoin longterm chart for BNC:BLX by FlaviusTodorius67 — TradingView
I Agree. It could be as low as , because that line is of course not very precise, the smallest deviation yields a few hundred USD above or below. But it can serve as a good orientation point when to start buying cheap coins :. Comment: It turns out that this prediction here has become way too conservative. Bitcoin started the bullmarket earlier than predicted. I updated the longterm chart here:. Comment: Apparently we're exactly where we should be. But: I think we'll reach k earlier than this chart suggests, already in instead of How are you drawing that exponential curve on tradingview?
I have been wanting to do some of this type of engineering type analysis, but I'm new to tradingview so I can't seem to find all the tools. Bitcoin wisdom should do lines on the exponential chart that turn in to exponential functions on the linear chart, but I am not aware of how to draw with custom exponents or functions of exponents.
AdrianZieniewicz zcbercomputing. That's one of the reasons I don't appreciate such predictions. I think BTC is closed to the bottom, 3. The problem with all projections, where the price moves up and down, between two straight log lines or, more recently, between two parabolas, is that it is extremely unnatural.
Unnatural, because you can literally see that someone spent a long time designing and inventing it on a drawing board. It is a very artificial creation. I do not believe that real market price movements will remain range bound between these artificially designed log lines, parabolas or whatever. The people who draw these silly lines over and over again have taken on the futile task of predicting the future by years ahead.
Something nobody can do. FlaviusTodorius67 ReallyMe. ReallyMe , Yes, it remains only a "best fit" scenario. Of course that is no guarantee that this will materialize exactly like that, but it is a good guess, I would say.