kbasch

$BTC May just like really hate log charts

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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3
140 9
There seems to be support below. Thats about all the good news I can offer.
And that longer term trendline is approacing fast.
I WILL GIVE YOU THE GOOD NEWS...

NICE CHART... IF YOU LOOK AT THIS CHART WHAT YOU HAVE IS A 5 ELLIOT WAVE PATTERN FROM THE START OF YOUR TRENDLINE TO THE TOP AT 20K THEN A 5 ELLIOT WAVE PATTERN BACK DOWN. THEN WHEN YOU ZOOM OUT OR GO TO A WEEKLY CHART THE 1ST 5 ELLIOT WAVE PATTERN IS ACTUAL A WAVE 1 ELLIOT WAVE AND THE 2ND 5 WAVE PATTERN BACK DOWN IS A 2ND ELLIOT WAVE BEFORE A COMMING 3RD ELLIOT WAVE IN A MUCH LARGER MOVE TO 30K+
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d.p.predescu d.p.predescu
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d.p.predescu d.p.predescu
@d.p.predescu, EASIER TO SEE ON THE MONTHLY

+1 Reply
kbasch d.p.predescu
@d.p.predescu, Interesting. I don't really use EW since they are pretty subjective but I will keep that in mind. Thanks for the feedback
+1 Reply
Good one, you got me to click for log.
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kbasch YardleyRosette
@YardleyRosette,
? Not sure what you mean?
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@kbasch, Right click scale, click Log scale
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kbasch YardleyRosette
@YardleyRosette,
The point I'm making is that the log chart doesn't show a trendline, while a regular scaled chart does...
+1 Reply
@kbasch, Well the log does show a trendline, but it's not a positive one.
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