Browse Symbol Stacks: $BTC: slopechart_$BTC.jpg

slopechart_$BTC.jpg

Bitcoin Channel Part I: 

Sticking to social trade for my continuing education. Also, at some point SlopeCharts switched to a 5 year history. Interestingly SlopeCharts maintained any drawings made even if they originated outside that time frame, so I still had it available in the present for some time. Eventually I accidentally vaporized it, probably with the help of some scotch, and I lost it. 

Tim was kind enough to open Bitcoin's history back up and I decided to restore this thing for giggles and see what is up. 

Not the typical channel, and looking back on it what I was really approximating was a poor man's linear regression. It was useful from 2018 until everything sort of blew up back in late 2021- 2022. 

Also it was 8-10 years long, depending on where you want to declare the origination from.  

I don't expect we will get back into that one as of this writing.

Image added via SlopeCharts
slopechart_$BTC.jpg

Comments

No comments yet.

...