Bitcoin Logarithmic Growth Curve
Bitcoin Logarithmic Growth Curve. Any information on this site is not to be considered financial advice. Out of nowhere it has exploded onto the scene, and in the course of a decade has gone from strength to strength.
High deviation (red regression band) suggests the highest possible point of a market cycle. Logarithmic growth suggests exponential gains at the beginning that slowly taper off towards a plateau in the long term. It also serves to further confirm the lgc as seen developing in the btc/ usd chart.
A Contrarian, Dave Is Respected On Crypto Twitter For His Objective, Rational Approach To Technical Analysis.
Check out this great listen on audible.com. Bitcoin logarithmic growth curves & zones. Dave the wave is an investor, trader, and technical analyst.
When An Emerging Technology Or Asset Is.
Dave’s thesis is that bitcoin is following a logarithmic growth curve model. On interesting development is the movement of the moving averages (ma). By john nash | crypto macro outlook | 22 may 2021.
Logarithmic Growth Suggests Exponential Gains At The Beginning That Slowly Taper Off Towards A Plateau In The Long Term.
Despite sometimes being misunderstood as bearish, dave says that if bitcoin follows the logarithmic growth curve, bitcoin will hit somewhere between $500k and $1million in approx ten years time. Bitcoin logarithmic growth curve (2022 update) here's a 2022 update on the bitcoin logarithmic growth curve. Logarithmic analysis is a statistical approach that uses historical data to forecast and predict future prices.
The Benchmark Cryptocurrency Appears To Be On The Launch Pad Ready.
And yet it seems so volatile as to defy any standard of valuation with which investors might feel they better. Please note, the indicators above are experimental. Bitcoin today must appear as something of a quandary to the more cautious investor.
It Further Supports The Notion That Bitcoin Is In The Process Of Capitalization.
El salvador buys 500 bitcoins amid crypto bloodbath; Growth comes in cycles [with cycles culminating in exponential spikes and corrections]. There is no guarantee certain rules within each model will continue to apply as bitcoin progresses along its adoption journey.
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