Bitcoin: Another Chart with Double Doublings
10 Doublings Equal x1K
But Some Doublings are created More Equal than Others.
In the case of Bitcoin it seems like the double doublings to look out for are:
3 x4 = 12 x4 = 48 x4 = 190 x4 = 750 x4 =
3K x4 = 12K x4 = 48K x4 = 190K x4 = 750K x4 =
3M
Looking at the Past, 2 Scenario's seem Plausible to me:
- Bitcoin goes up to 11-12K and then goes down to 3K and then back up and close to 200K
- Bitcoin goes down to 6K and then up and above 48K then back to 12K and then up to 1 Million
nice post
bitcoin could go anywhere lets see what happens interesting time ahead :D
I think these 'double doublings' are a good way to predict long-term ATH's and lows.
@pagandance, Better analyzing BTC double Doublings.