The horizontal lines from bottom to top are its annual value level at 18,893, its semiannual pivot at 35,643, its quarterly pivot at 40,283, and its monthly risky level at 61,916.
Use moving averages and my value levels, pivots and risky levels to capture the choppy trading patterns for bitcoin.
This would be a return to the reversion to the mean, which clearly held between November 2018 and March 2019.
Note the down trend line between the high of 19,458.19 in December 2017 and the high of 13,895.10 in June 2019.
He has nearly 50 years experience as a trader, trading manager and research analyst at firms such as Bache and LF Rothschild, where he established that firm as a primary dealer in 1986.