Bitcoin

Has Bitcoin gone parabolic?

Or is there an error in logic?

Its price makes us pale

But not on log scale

A normal trend channel let’s call it

Chart 1.  Arithmetic scale

Chart 2. Log scale

 

 

 

By | 2017-05-05T12:32:53+00:00 May 4th, 2017|Categories: Market Strategy Report|0 Comments

About the Author:

Mark Ungewitter is a Senior Vice President & Investment Officer at Charter Trust Company. He was formerly Director of Portfolio Management at Investors Bank and Trust in Boston, Massachusetts. He holds an M.S. from Bentley University and a B.S. from Massachusetts College of Liberal Arts. He is a member of the American Association of Professional Technical Analysts.

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