I would be very very careful applying logarithmic scales to financials. Almost nothing in the world of finance works logarithmically long term.... the laws of physics apply here as well...for a number of reasons.....Bitcoin is "not different this time around"...unlike what certain coin advertisers try hard to sell us....your chart predicts that by November 2018 a single btc will be worth a $1,000,000 ....lets say it does....next year (2019) to what $2,000,000 and on and on...? What is the intrinsic value of BTC? Let say I have the money to buy BTC by 2018 at $1,000,000 why should I buy it? Because it will go to $2,000,000? Any other reason? You see there is no real value here, like selling more cars, or owing real estate, or having tangible assets... there is nothing except unreliable hot air for which you may find (or not) a higher bidder (sucker)...All charts need to be sprinkled with some financial analysis; you first have a solid reason on the financials (do we on bitcoin?) and then you apply technical analysis (to enter and exit a trade)....
coolestcool
⋅
I saw the same... will be corrections in the way, but bitcoins remains in a trend
eralquine
⋅
Thats the rainbow road
HaythamISayed
⋅
wow , i don't understand any thing about bars , but i hope if this happen , thanks for your TA :)