I like the comments made in the Twitter thread: @cyberamine12 - "What happens when the lines meet?" @PeterLBrandt - "Bull market is over or market blows through the top in a final display of fireworks."
Also of note: @ChanikPark79 - "Is it possible we retrace to say $3000 and start a new parabola with a new slope?" @PeterLBrandt - "Nope. Not likely."
in Peter Brandt's version the upper exponential bow is touching the $7800 high nov 7
How ever Log scale is always problematic/misleading anyways, since you can fit the whole universe in it, if you want
feeench
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@fineregex, chart fixed. Thank you for that and all other comments!
Can you talk more about steem dollar? Not sure what that is or how to use that information.
fineregex
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@feeench, y ay:) SBD is meant to cost >=$1. (Unlike USDT which is is rather <=$1)
These days it is $1.5 It is secured by all steem and just 5% of the steem marketcap are generated as SBD (decentralized internal market)
The network can pay interest rates on SBD to regulate the price a bit.
the people's consensus price for today may actually just be $5000 already if you look at steem dollar
when everyone got more than enough then final fireworks fears are manipulators last chance to exit.
Heinzz
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Can you make another chart projecting the parabolic channel into the future to where they meet? Thank you.
How ever Log scale is always problematic/misleading anyways, since you can fit the whole universe in it, if you want