Giovanni Santostasi
1 min readSep 5, 2019

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I don’t agree on the support lines. There is no reason for the peaks to follow a power law. What is better is actually draw line that represent percent changes relative to the mean of the log of the prices. For example, historically BTC never reached a 50 % of the trendline during bear markets and never went up more than 10x the trendline. These kind of lines are more meaningful mathematically. It is only 3 points so we cannot put to weight to this but another thing one can do is to fit with an exponential decay the 3 bubble tops and show they are going down relatively to trend line.

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Giovanni Santostasi
Giovanni Santostasi

Written by Giovanni Santostasi

Physicist, neuroscientist, financial analyst. CEO and Director of Research at Quantonomy: https://www.quantonomy.fund/giovanni-santostasi-phd

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