The bottom is 17.6k

[Anonymous No.49786005]

[Anonymous No.49786051]

>>49786005
your green line doesn't even line up with the bottoms

[Anonymous No.49786141]

>>49786005
Your own fucking chart says the bottom is $8k, retard.

[Anonymous No.49786232]

>>49786141
The green line looks closer to 10k but the bottoms usually a little under it so yeah $8k would be perfect buy back opportunity

[Anonymous No.49786283]

>>49786005
>tfw retards create their own version of the bs rainbow chart to fit their agenda.

[Anonymous No.49786287]

>>49786005
Thats not where the next support level is, anon. Try again, hint, it’s closer to 10k than it is 12k. And hint, it’s not above 10k

[Anonymous No.49786313]

>>49786005
OP posted a fake, hand-drawn log curve. Always ignore those.

Picrel is Bitcoin's real log curve.

>what is BTC's log curve
BTC's log curve is a logarithmic curve with a top and bottom boundary, that BTC itself manifested through its price action, with its candles. This is in stark contrast to the various dishonest hand-drawn curves (intended to deceive) where the bottom and top boundaries of the curve totally ignores BTC's candles and go straight through them or over or under them -- like for example the LGBT chart curve does.

The top of BTC's log curve had manifested by December 2013 and the bottom of the curve by August 2015. Since then, the global market has traded accordingly. Whales begin selling off near/at the top of the curve and begin buying in at/near the bottom of the curve. Which has in turn strengthened the curve and made it a super reliable tool, for long-term zoomed out trading.

[Anonymous No.49786375]

>>49786051
>>49786313
The green and red lines were varied to produce the greatest ROI from someone trading since July 18, 2010 (earliest data), if they were to buy or sell as soon as the line was hit. The formula being
Buy: Price = EXP(LN(Date)*5.5046 - 36.8846)
Sell: Price = EXP(LN(Date)*4.4549 - 26.2872)
Where date is days since April 26, 2009 (being day 0) - somewhat arbitrary for log scaling

>>49786141
So EXP(LN(4801)*5.5046 - 36.8846) = $17599, where 4801 corresponds to July 18, 2022

>>49786313
Your line is the definition of hand-drawn

[Anonymous No.49786692]

>>49786287
In all fairness this version is more legit then rainbow, it is obvious the range should get tighter on a logarithmic chart which rainbow chart doesn’t consider, the only change I’d do is change the curve at the top, the tighter range is correct but also the steepness of the curve needs to lower the higher it goes on the y axis since it’s a logarithmic chart. The curve got less step at the start so it should get less steep as it continues going up. See pic rel for better TA

[Anonymous No.49786919]

None of these graphs ever work forever, fucking retarded. I bet people had this shit for Luna as well.

This is a very busy board with a lot of crypto investors and a lot of memes that get shared as well as theories and ideas. These are whales big into bitcoin making you the greater fool and trying to spread it on through you. When crypto DOES get taken up by governments, it will be their own shit and all of these old, bloated, useless, valueless pieces of shit will die. There will never be everything on the blockchain because who the fuck wants their medical records and everything about them publicly viewable? More than that eventually green energy will win and the whole thing will have to be fucked around with. Bitcoin won’t survive more than another 20 years. Now people will say purposefully scientific bullshit that really means nothing, but don’t fall for it. Leave this stupid shit alone, there is a recession coming, aoart from you there are no more fools to be had. Matt Damon killed normie interest in Crypto for a decade.

[Anonymous No.49787526]

>>49786692
Maybe, but your line isn't straight on a log-log chart, so would require more free parameters.

[Anonymous No.49788167]

Can't go below 16k c'mon man

[Anonymous No.49788178]

>>49786005

The bottom is 0 because no one cares for it other than retards who want to speculate. The same thing is going to happen to crypto that happened to the videogame called Ultima Online, anyone remember that game? Well back in the day there were no PVE servers, everything was PVP, so the game became nothing more than to grief other players, day and night that's all that they did, take advantage of others until one day the developers decided to create a PVE server, what do you think happened? All the people fucked off the PVP servers, which left the PVP server with griefers and other players who actually knew what they were doing, the griefers became the griefed, and I see the same shit happening with crypto, once you poison the well, no ones going to come back to your shithole again, its why there will never be support of crypto after this shit is over, its useless and dumb.

[Anonymous No.49788232]

>>49787526
I haphazardly drew it, just imagine a straight curve you autist

[Anonymous No.49788763]

>>49788167
I'm surprised that the tard was even able to stick to the bike without glue.

[Anonymous No.49788794]

>>49786375
I've done similar analysis and come to similar conclusions. Almost no one here has an IQ above room temperature, unfortunately.

[Anonymous No.49788870]

>>49786005
your green line shows 4k as bottom

[Anonymous No.49788961]

It went below green before. Why can't it do that again? Bottom could be low as 5k if we're being honest.

[Anonymous No.49788973]

>>49786005
The bottom is whatever it is after Celsius network gets liquidated. That's about 13k - $1 billion more in assets.

Put a buy order for $6,000. Not even joking. That's (probably) it.