What is most telling in my opinion is how important the logarithmic scale is for understanding Bitcoin.
(in my previous posts 'Bitcoin's Daily Ch-Art' you can follow my earlier path of discovery of the patterns).
The logarithmic scale shows you the relative change: if something doubles from 10 to 20, it's in fact the same as when it doubles from 100 to 200. But on a 'normal' linear scale, it looks totally different. On the short term scale of minutes to weeks though, the linear scale becomes more important to follow patterns than the logarithmic one, I have noticed for Bitcoin.
The ascending trendlines are lines that indicate a doubling EXACTLY every 9 months. So if you want to know where to find Bitcoin in a few years from now, it's pretty easy, just see how many time 9 months go in the time period. etc.
You are viewing a single comment's thread from:
Thanks for the detailed explanation, Now i understand :)