ChristopherColumbus
Master Don Juan
Well that is a parabolic curve. The great thing about charts is that they do not lie. The trend is there staring you in the face. Of course there are no certainties [which is why you don't bet the farm and take some hedges], but there is a very good likelihood that the trend will continue.And what exactly kind of lines are you drawing now? You can make charts that say anything you want.
That said, I am starting to move away from the parabolic model here to a wave theory. The parabolic rise here can be incorporated into wave theory, but the parabola model itself may prove to be limited - how could the price keep going vertical... unless it is a spike and blow-off? But the regular corrections in Bitcoin are showing a sustainable move to this massive price increase.
In the following charts is the wave pattern I have identified.
Wave A... move up
Wave B... 50% correction
Wave C... consolidation/ recovery back to the price of A's move up.
Rinse and repeat.
The charts follow chronologically:
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