BTC-USDT (logscale theory)

2 feb 2018

I probably go against all the TA rules with this chart. It is a theory, so take it for what it is. I changed the map setting to log scale and looked for patterns. My intuition already said that the last months of 2017 the whole market was in overdrive and not sustainable. From this perspective, it seems like we are going back to natural growth, comparable to the first half of 2017. If this theory is correct, we will find uptrend around $ 6730,-

2 feb 2018

Nota

The margin for uptrend is of course a bit wider than indicated above: I suspect between $6730, - and $ 7600, -

5 feb 2018

Nota

Quick update, 5/4/2018 (Bittrex)the 24h Low 22.30 hr -> $6652.88386045
Although we are right in the buy zone, the overall market sentiment is really shaken up by this drop (even stock market has gone down) it might take some time before we can see recovery as there still is a lot of fear. I wouldn't buy back in until we see the "Three White Soldiers".

If the price falls through the bottom of the buy box, it may be time to step out of the crypto market as a whole, no idea how low it can go.

5 feb 2018

Nota

I zoomed in a bid, and it looks like we kissed the bottom line from the channel before it went up again.