BNB Logarithmically - Exponentially - Incredibly BullishNow we are talking !!
Take that !! 70 dollars by the 19th !! Unless it goes mental on us !
Best of luck !!
LOGARITHMIC
BCH pattern idea – bullish move soon ?Based on older trends before Bitcoin Cash began to take more prominent headlines, and before the adoption on Coinbase, we see that there seems to be big jumps to ATH after a more dull period of consolidation. Just an idea, all depends on actual adoption and news of course... Let me know your thoughts. Plotted on a logarithmic scale.
Bitcoin.edu: Distribution of Information Over Time.Distribution of Information Over Time.
This is Logarithmic Curve describes how information distributes between people over time (also describes population of rabbits).
Zero point (0) — Point where Somebody knows the information
Mid point — Point where Lot of People knows the information
Top point (1) — Point where Everybody knows the information
How high can this thing go? Hint: Very high.It's funny to see the reaction of people, staring in total disbelief at the prices. Why?
Because they do not think in exponential terms. The human brain is just used to think in linear terms, exponential rises take a lot getting used to.
But bitcoin? It was rising exponentially for a while, and now it entered over-exponential territory.
This means that in the logarithmic chart we don't have a line any more, but a parabola.
That is why the time for a doubling of the price will get shorter and shorter.
I drew the logarithmic trend channel and these are the possible reversal zones:
1.st at around 25K
2nd at around 75K
3rd at around 145K
If the full move is done, we could see, and I now it sounds insane, 145K until the end of march 2018.
I think 25K is the most realistic scenario, with about 60% probability. Timeframe: December-January
75K with 30% (timeframe: end of february), and 145K with 10%. It's just an estimate, but it's good to know these important resistance lines.
