While BTC is finding it's feet in no man's land and hopefully carving a channel for itself, I thought I would look at the longer term channel. I have pulled some lines out of my arse and placed some callouts on levels of madness, insanity, etc. While it's clear we're in a bubble, I think we might have a small bubble first, then we will lick our wounds and create an even larger one. Some of the prices on these lines are eye-watering, which is both exciting and terrifying, and suspicious .. which leads me to the next paragraph....
Drawing long term channels in log only make sense if we assume exponential growth forever and ignore the S adoption curve. What I am not sure how to do is to draw that in log,, is it just a flatter S? Or is it biased under or above the center horizontal? One thing for sure is that it starts flat and ends flat, just like linear. I may look into this further when I have more time as I think it would be better to push a channel along a S adoption curve than this straight log.
Drawing long term channels in log only make sense if we assume exponential growth forever and ignore the S adoption curve. What I am not sure how to do is to draw that in log,, is it just a flatter S? Or is it biased under or above the center horizontal? One thing for sure is that it starts flat and ends flat, just like linear. I may look into this further when I have more time as I think it would be better to push a channel along a S adoption curve than this straight log.