why is it that in crypto - everyone uses log scale instead of normal scale.
Distributions and patterns are not valid in log scale.
Its kind of like looking at yourself in bent mirror, your head may look larger than your entire body but we know its an illusion.
Log scale creates illusions about what the chart is doing
CryptoSingularity
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@s_proper, I appreciate your oppinion. Indeed the price target is over extended and should be around $1.60 when measuring the potential cup and handle. But for trend lines over longer periods of time a log scale is certainly valid.
Distributions and patterns are not valid in log scale.
Its kind of like looking at yourself in bent mirror, your head may look larger than your entire body but we know its an illusion.
Log scale creates illusions about what the chart is doing