As you can see it contains all the tops and bottoms in the last 11 years of bitcoin.
Another good sign of it, is that its slope gets lower as it goes to the higher prices so that in the log scale it becomes rational to use it for further and it doesnt become useless as the time goes on.
It says our ath for 2022 will be 80K and it can come till the bottom of the channel around 30K in 2024 (then go up till 180K in 2026!...)
What do you think about it?
Another good sign of it, is that its slope gets lower as it goes to the higher prices so that in the log scale it becomes rational to use it for further and it doesnt become useless as the time goes on.
It says our ath for 2022 will be 80K and it can come till the bottom of the channel around 30K in 2024 (then go up till 180K in 2026!...)
What do you think about it?