BTCUSDKASUSD Will bitcoin break the trend like Kaspa has?
If you look at Kaspa's price action on a logarithmic view over the last couple of years, you may find it looks like a smaller version of Bitcoin, in terms of the consistency of the diminishing return curves and also the consistency of the boundaries between the highs and low. Like most altcoins, it probably has a much shorter life span than bitcoin for it's long term bullish trend, so this recent break in the Kaspa cycle may be an example of what could potentially happen with Bitcoin in the coming years...
KASUSDBTCUSD Kaspa's trend has been broken. Could this be the end?!
As seen in the diagram, I use ellipses to draw the trends. Most people use lines they can distort. So they can tilt the angle at the end to be more bullish or bearish at their discretion. I use ellipses to remove bias. They also help to see how consistent a trend curve is.
Bitcoin is showing a very similar curve, but on a lager scale. They both fit into elliptical curves. So could Kaspa be a glimpse of the future of Bitcoin?