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RE: BTC update 23.01.18 - pointing out the worst case

in #btc7 years ago

Thank you, brother! Ha! I too shy away from log scale at all cost (my gold chart below is in arithmetic scale, as I typically prefer.)

The reason I choose log-scale, in this case, is that there is simply not enough historical data to get a good feel for the wave structures. My Gold chart actually goes back to 1975, which provides more than enough historical data to garnish an accurate birds-eye-view in the standard "arithmetic" scale.

I'll pull up a linear chart again to take a second look - but no promises on rendering another interpretation.

Don't know who "@haejin" is, but yeah, I think you've pretty much interpreted my quick count accurately.

I'm a "music-man" now, so I really don't want to paint my blog with technical analysis. Perhaps if I had a second account, I might consider focusing on such - but right now, I am just super busy with the #openmic, and the #openmicsongwriters projects. I truly don't know that I could even find the proper amount of time to give such an endeavor - even if I had a dedicated account handle to do so.

Thanks for the suggestion though, and the link to the charting site - I really appreciate that, brother!

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The most important thing is to be posting about what makes you happy. If it's music to you, so be it. But please consider giving my blog a visit from time to time to drop another gem comment like your previous ones.

I am still very interested to see your interpretation of an arithmetic 4 hours/daily chart of BTC :D

Thanks, man! I'm following you... I don't get to my feed as much as I ought to, but when I do, I'll be looking for you. :-)