One Nightly Delusion

Apr 9, 2018

Call me crazy. And delusional. But hell, it's fun to see.

We're looking at the weekly chart in *log* form for Bitcoin. Noticed a sling shot effect. That's what they call it, right? Eh, can't remember, anyway. . . The peak trending lines for BTC deliver this sling shot. Even though we're in a bear market, do notice for long term, we're still going up. But if history will repeat itself, if we *go* by the weekly view, we still haven't hit the bottom. But I guess that depends on which chart you see, Day vs Week, who knows? But if this is all setting up another sling shot, based on these peaks, we could see that miraculous 1 million peak by 2023 . . .

Eh, it's fun to speculate.