There is no everlasting bear market,hope you're right and we get out of the downtrend.
Well, i can show you several alts that have seen an 'everlasting bearmarket'. In crypto such a thing is certainly possible.
Topic: Bitcoin went out of exponential trend into linear downtrend [TA inside] - page 3. (Read 3645 times)
February 02, 2015, 01:31:28 PM
Well, i can show you several alts that have seen an 'everlasting bearmarket'. In crypto such a thing is certainly possible.
February 02, 2015, 01:30:53 PM
Enough of this slow downward trend... Getting very depressing. I'd rather have it jump around to 100 to 1000 then stay at ~250 and slowly fall down. So boring!
February 02, 2015, 01:30:06 PM
There is no everlasting bear market,hope you're right and we get out of the downtrend.
February 02, 2015, 01:29:49 PM
February 02, 2015, 01:26:04 PM
Below the longterm trendline since 2012 on logarithmic view. This line has been broken with the panic in January
Now we can see the price moved from exponential line to a linear one.
Below you see the same graph with exactly the same lines once in logarithmic view and once in linear view.
logarithmic view:
the log-view straight line was accurate before the January crash
After that point the linear line became the accurate one
linear view:
conclusion: Bitcoin fell off its projection for megalomania worlddomination and is now a shitcoin with delusions of grandeur trading linear instead of exponential. Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued.
I would predict a continuated trading along the linear decending line. Bottom? Not so much ...
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