Is there a longer-term parabolic trend in bitcoin? If so, we ought to be able to see some evidence for a series of tangents that can inform the construction of an concave-upwards parabola.
This chart uses the regression lines to construct those tangents, and incorporates the recent price correction by way of a tangent line that serves to flatten the implied parabola.
This chart uses the regression lines to construct those tangents, and incorporates the recent price correction by way of a tangent line that serves to flatten the implied parabola.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.