A logarithmic look at the evolution of BTC price since its very early days The following key takeaways: BTC tends to extend only about 1/5 of its prior impulse move measured in terms of % increase; BTC tends to react ≈38.20% on a logarithmic scale to form a correctional bear market; The sub $80k area is a pivotal area to look for supply inflows. This...
I have made a lot of comments about the long term bull case for bitcoin. Really that comes in the form of a number of different angles and analysis, which I might suggest a couple more ways of looking at things. This one goes on the assumption that the price follows historic price action, which it often doesnt. At these prices retail traders are put off, and...
All I did was change the scale from linear (right) to logarithmic (left). I see one saying $40-42 and the other saying $20-24. Perspective is everything.
Found more early market data and tried some colouring.. Have to convince oneself after few days downhill, remember The Big Picture.
Check this logarithmic monthly view for BTCUSD. 2013 Peak: 1100$ Correction middle of this channel: 300-400$ Bottom: 150-200$ 2017 Peak: 19.200$ Correction middle of this channel: 6200$ (monthly EMA 50, 200, and bollinger too there) Bottom: 3800$ 2021 (2022?) Peak: 100.000$ ? Correction middle of this channel: 44.000$ ? Bottom of the channel approx...:...
We are going to hit the resistance in our logarithmic chart BTC/USD for the monthly February closing in 10 days = $100 000. Then? A mega alt season is coming!
April 2022 - $280,000 Bitcoin
Adding pre market data from coinmarketcap, makes it possible to draw curve that gives us estimation for coming semester marketcap peak..
Trying to find bull - bear cycle levels with clean chart. BTC is the best Store of value during our generations. (and while ongoing monetary policies exist)
In my previous long term Bitcoin analysis I argued that we had much more room to grow, more than 50% actually. This post is to indicate that the current bull trend is far from over and that we, most likely, will have another couple of weeks of the current market. Seeing this week's sharp increase, the following couple of weeks will most likely be bullish too...
VET just broke above a line of resistance that goes back to mid 2019. The depth of the triangle it formed beneath that resistance line determines the longterm bullish target of $.41.
The macro of the crypto marketcap is strongly bullish. We broke above the line of resistance that we hit in Dec 2017 that sent us into a multi year bear market and the short term result was a break of $1T. However, we must keep in mind that we may very well come back down to test that line in the mid $700B before we continue our march toward $83T. I expect...
Guys, I am comparing 2017's bullrun with the current situation using the log growth curves and I've found something interesting: In 2017, the price corrected just after hitting the center log line. The price then went back to the lower log line and then up directly do the upper one, considering the center line as refference. NOW, we have just hit the center line...
This log chart shows the multi-year trend BTC has continued to honor. If this continues to play out, we could see a $250k btc by Jan 1, 2022. That doesn't mean we can't see a major correction along the way, and in fact I expect one soon. But the macro is strong.
Could be a big week for LINK. Should press toward $90 soon.
OmiseGO (OMG) is ready for another impulse. Looking for a new ATH, above$10. Please not this chart is based on a logarithmic scale.
Hello traders, or this time investors, here is my long term log Bitcoin chart with historical data. Because of this growth curve and the fact that we "only" made 1.400% so far, since the last low at 3.000$, I believe that we can still expect much higher price for Bitcoin this year. But as you know it's not only about the price. Wish you all a nice weekend....
Decided to dive deep into logarithmic charts for BTC for my own peace of mind. What we are seeing quite clearly each cycle is that the angle from top to top is halving each time. We are also seeing a pattern from bottom to top in each cycle being roughly 0.619 times the previous angle from bottom to top. The effect of this is that we can accurately predict the...