roblever

BTC Log Scale

BITFINEX:BTCUSD   Bitcoin
When do we get excited?

I am playing around with the fibonnaci lines on the log scale to see how BTC is programmed to move. This seems to fit pretty nicely. It shows that until we break upwards out of this channel, we are in bear market.

Disclaimer

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.