Updated

Magnification of DCFreak's Moment of Truth

Trendlines obsessively drawn at 1h
Based on DCFreak's corrected Moment of Truth chart

Bitcoin - Moment of Truth - Don't get trolled - Log Scale

All default settings except log scale

Thanks to DCFreak for stripped down, clear analysis I could finally understand.

It's crazy. It could take another two days to reach the intersection. I wonder if the closer it gets, the more equivocal the conclusion? Surely the whales won't make us go sideways for a month. Have mercy, Leviathan.

Note

Holy cow! While I was finalizing the chart, the price reached up to touch the break up line. Let's see what it does from here.

Note

I drew the chart because I wanted to see the trendlines more precisely. It's my first chart, too, so that was fun.

Note

I found the trendline to be a bit lower than DCFreak's. Here is the live version, which shows the price repeatedly grazing the trendline.
tradingview.com/chart/dc2FSB16/

Note

Hmm, I screwed up the original chart on my phone and cannot fix it, so you can't see what I described.

Note

Ok, I fixed the chart.

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