For those of you that haven't seen this chart yet, this is a logarithmic chart of Bitcoin . Essentially the difference between this chart and a regular chart, is that a percentage movement in either direction is seen as the same difference. It allows investors to see patterns that might otherwise be ignored on the regular charts. As I've identified with the blue...
The majority of traders are caught up in bearish and fearful sentiment. Could this be the key reversal point of a HTF bullish upswing for Bitcoin/USD? Exciting times.
Many pessimists talk of the 2017 pump as if it was the only wave of euphoria Bitcoin ever experienced and that now the "bubble has burst" Bitcoin is finished. I strongly disagree. BTC has pumped and corrected four times before and this is a completely normal (and actually shockingly predictable) repeating market cycle, just like the global boom and bust market...
WMT has proven logarithmic action and recently touched the support side of the logarithmic channel. Looking for an exponential move upwards over the next 1-2 years with the revenue growth from the newly adopted health care/clinics. Price target of 165.00 by JAN2021. Hold long and prosper.
As well as late 2017, we are probably ready to see a bull rally that show us $ETH reaching roughly a price of 30,000 usd in late 2020. Please, leave your comments or opinions below ! :)
Started from the bottom now we way up. Legal disclaimer: *THIS IS NOT A BUY / SELL SIGNAL. Try to do your own research before trading.*
Bitcoin trendline analysis on a logarithmic scale. Look how the progression has found the 2017 bullish trendlines again. The noise and bubble have been srug off pretty quickly. The previous time, Bitcoin underwent large consolidation periods. However, now it has found the same trendline again after 2018 break-down! Interesting huh!
This is just to prove the people wrong who think XRP cant reach 100$+ as per my analysis, they think using the log scale is unrealistic. Yeah ok then.....
Support and resistance.
This can't be done in this space. Too involved.
Today, looking at the cycles that the btc had throughout its history, we can see that we are currently at the beginning of an upward macroeconomic trend macd: (logarithmic) chart (logarithmic) rsi: we can see that I have not touched the resistance respected before
For details about the TZ method See below VVV
This might seem unreal in your eyes, but image the amount of money when banks finally fully adopt XRP. Trillions of dollars will flow into XRP
Bottom was in few months ago, i don't think we will be seeing 3k Again. The Support and Resistance indicators show that Bull Market started just a month ago along with that MACD turning green, with that Daily 30 and 200 MA cross or was it EMA?
So yes, BTC is apparently bullisher than I thought, at least short-term, because longterm I'm always a BTC uber bull :) But short-term, I had several reasons to think that a weekly capitulation bar was very likely: 1. Too much bullishness and optimism (contrarian indicator) 2. Number of daily transactions still below ATH (although now finally approaching ATH...