TradingView
fmaste
Feb 9, 2021 8:04 PM

If it manages to go past the white line ... 

Bitcoin / U.S. dollarBitstamp

Description

A bearish scenario but if it manages to get past this point bitcoin style it may become super bullish!

Remember this offers possibilities not probabilities. Technical analysis if for timing a trade, determining risk or findings resistances!

Comments
ErreCi_Trading
You are mathematically wrong. You cannot draw straight lines on a logarithmic graph, especially for such a long time. A line tends to curve downwards as it goes up along the Y axis. This graph makes no sense.
jusovitsch
@Renzo68,

How is mathematics violated if some one has its own definition of charting trends?
Probably you mean something else. Please expand on it.
fmaste
@Renzo68, Exponential functions plot on semilog graphs as straight lines

It may be a curved line on linear scale that is shown as a straight line on semilog scale. No problem. This is how I measure trends!

The semilog scale is just a way of showing % changes. Without semilog the move from $1 to $2 looks the same as the one from $45,000 to $45,001. The first is a 100% move and the last just 0.002222222%
Dave-FX-Hunter
Perfect idea
VincePrince
Important cycles ahead, thanks for sharing.
More