There is no such thing as diminishing log returns. The most basic technical analysis, based on chart shapes disproves it. Only an idiot would attempt to apply it to the most deflationary asset the world has ever seen. Other kinds of curves do exist. There is the bell curve, for instance, where many people find themselves on the wrong side of it. There are all manner of parable and sine waves. Types of waves you've never heard of. But somebody said diminishing log return, and it sounded profound, but wasn't backed up by anything.
My chart attached is your "shrimp" pattern, and we can all see that Bitcoin is breaking out from whatever overhead you imagined. So, I've proven your theory false.
My chart attached is your "shrimp" pattern, and we can all see that Bitcoin is breaking out from whatever overhead you imagined. So, I've proven your theory false.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.