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Look at the weekly LOG scale chart...

Short

Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD)

BITSTAMP:BTCUSD Bitcoin / U.S. Dollar

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trendanalysis indicator bitcoin cryptocurrency

Everyone is already celebrating the "arrival" of the "BULL" market.

When I look at the log scale chart, I'm not sure I can confirm the bull market yet.

What do you guys think?

Comments

I would suggest to draw lines in D, W, M or above only to the candle close, not the candlestick wick.
So you will get better clarity.

Finally the end of the bear, start of the bull?

Crypto-Coin-Trader

@Crypto-Coin-Trader, Thanks for your input! Let's see how the market goes.

Yeah we draw random lines.Nice TA

naturallybulla

@naturallybulla, Thanks for your comment. Look forward to seeing some new (random lines) TA in your profile. So we can see if you are still leaning towards a bullish move ;)

Or it is picking up again :-)

Crypto_wiz

@Crypto_wiz, Who knows? Some biased some non-biased approach mixed. Obviously I have no crystal ball :)

Lol your top trendline is not where it is suppose to be. You’re suppose to put it where the most wicks are LOL.

Formula

@Formula, thanks for your comment! I look forward to seeing the right way of placing the trendline among your ideas on your profile ;)