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apsk32
4.7K posts

apsk32
@apsk32
Engineer. Bitcoin, data viz., space, art
Katılım Ekim 2022
587 Takip Edilen39.2K Takipçiler

@apsk32 You consistently have the most interesting charts on this platform!
Thanks for posting them!
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Removed "support" from the legend. It was never the right name. Parameters of the fit were not changed.

apsk32@apsk32
FYI: The curve fit here is defined as the power curve where price is below the trend 5% of the time. That's about 18 days a year. The last few years have been well above the trend. To prevent refitting, price would *need* to go under the line for a month or more. This is one reason why I don't expect a V-shaped recovery. Though, Bitcoin is under no obligation to obey the fit. But don't @ me if it goes under, I expect it.
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@realshmuck Wouldn't quit your day job, but I'm optimistic that we'll outperform the sp500 over the next 5 years.
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@ftblsince1905 Yeah, "support" just isn't the right word. Didn't change any of the lines on the plot.
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@apsk32 Interestingly if you time shifted it forward it would feel so bad
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