Honestly, you should dismiss my charts until you can understand them enough to build them yourself. I appreciate your comment, and from your perspective I agree with you. 🤟
Most technical analysis is short term with no supporting data, and is typically very much "astrology" (bullshit). This is different. This is simply an observed 12+ year trend of support that lines up across both bull and bear markets, with only 2 global macro events that effected the network significantly enough to actual drop the trend going forward.
I'm not constantly analysing the ups and downs to find triangles, I simply noticed this long term support and charted it. While updating it every so often with recent data to see if the trend is holding.
Across 12 years, with 2 macro event caused reductions on the Y axis, I observe a simple 1.002046x daily multiple that compounds across time. This rate of growth is observed in the network since the bear bottom after the 2013 bull peak all the way to COVID. The same rate of growth is being seen again since the bear bottom after the 2021 bull peak. This is the red line, 1.002046x compounding.
It's very easy to dismiss things that look similar to things you don't trust and that you don't understand, that's the mistake normies make when dismissing Bitcoin because they don't understand it and don't trust "crypto" which is full of scams.
I don't blame you for dismissing it, but I'm only sharing my personal work and I'm proud of my observations of the network that lead to these simple but beautiful displays of data we can observe.
It appears that the long term authentic growth of the network, in combined stackers and miners, outside of hype cycles from the FIAT markets, sees the network grows 1.44% per week over time as displayed in the red line support. Given adoption rates around the world, this doesn't seem unreasonable. I feel this is the closest thing we have to understanding the networks true adoption rate over time, and by lining up all the bottoms we can observe the long term trajectory and respond accordingly. To me this is no different than observing the trajectory of a moving object and extrapolating it's path into the future. As simple a long term observation as one can make.
