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June 01, 2019, 06:11:48 AM
Merited by JayJuanGee (1)

This chart has held up pretty well, and is one of the better logarithmic regression charts I've seen:



Even though it was created in March, 2018 the lower boundary was prescient in providing support at the ~$3,150 bottom.

There's an interesting pattern here, or I could be reading too much into it.
It appears there may be a fractal pattern in the bubbles. We got 3 bubbles in 2010-11 of magnitudes 1,1,3. Then 2 bubbles in 2013 of magnitudes 2,3. Then 1 bubble of magnitude 2 in 2017.
What comes next? Triple bubbles again?

An alternative answer might be that it's just decreasing volatility. If you think so, the recent price action would like a word with you.