Exponential Growth: a short thread with pictures
1/n
Physicist Albert Allen Bartlett said, referring to overpopulation, "The greatest shortcoming of the human race is our inability to understand the exponential function."
It's also the shortcoming of a #crypto trader atm.
2/n
So we all saw $ETC's face melting run recently. Look at this disgusting chart. Obviously #cryptocurrencies are all scams, and nothing means anything anymore right?
#ETC #ETCUSD
3/n
But have a look at it on Log scale. Log is an exponential scale (same distance between 1 and 10 as it is between 10 and 100).
If crypto follows an adoption cycle, follows Metcalfe's law, then we should expect exponential growth.
This chart looks normal, right?
4/n
I'm not 100% on that yellow channel btw, but it looks neat so far hey.
Now check out $BTC in Linear.
5/n
Ewww gross. Wouldn't go near it, right?
How about Log?
Will you look at this gorgeous #BTC channel? Such a healthy pattern, showing steady growth. Not the scary, overextended thing we saw in Linear scale.
(Pretty happy with those purple lines I drew a while ago hey!)
6/n: An aside
Those lines have the cycle top being around September October btw, and the target is over $200k. I'm not gonna try to predict an accurate top. That's not my game.
But I did a little thread about why I think the cycle ends there...
7/n
$LTC is back to its 2017 ATHs. What happens now?
I think it more than doubles. Just like $ETC.
Here's a rough target, with a linear scale.
#LTCUSDT #ltc
8/n
And again in Log.
Again, I'm not certain of the channel. But it all looks pretty easy doesn't it?
9/n
I believe successful trading is like 65% emotional regulation. The rest is knowing chart patterns and risk management, etc.
Know your biases and limitations.
When it come to #TA, trust the chart, not your heart.
10/10
I've been looking at these macro setups on a bunch of #dinocoins. I was watching $ETC for its pattern completion before it hit its 2017 highs.
Seeing that play out gave me confidence in my thesis.
Check out my first thread:
Follow&Retweet pls 😊
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