My Prediction about Bitcoin’s Bottom: Price: somewhere between $3200-$4300 Timing: sometime between Jan2019-Aug2019pic.twitter.com/AZDmMFTY0W
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Non-linear regression, no R-squared value, so I can only assume this is a manually fitted curve. Manually fitted curves are fine to describe a trend, but are often used to support a narrative. The intersect points cannot be used for any sort of prediction as is in this chart.
the very early prices are irrelevant imo. BTC is just finding its feet. I don't think it's useful to use those prices to drive your whole chart. Anyway, we shall find out VERY shortly which way the price is going to go.
Try drawing a straight line form the current price back to the earliest point... taking in the most points of contact that is. I would, but for some reason am having trouble accessing the BNC chart.
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