Bitcoin tested 4 years up trend line in logarithmic chart nad also tested weekly MA144 level. i think it can be start of a new up trend. It is not a trade advice.
First of all i am not a professional trader or analyst, so feel free to adjust and discuss my idea.. As you can see in the chart, bitcoin didn't break the trend line yet on log scale (BTC broke it on linear scale!!) This is a moment of truth; whether the BTC will touch the trendline and go long or it will break it to 2,993 USD level I'm a bit optimistic and i...
A tale of many price pivots between few lines.
Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line. My first...
Time to sobering for btc, in spite of all uneasiness, ordeals, even tears i like to hear the footsteps of beautiful things. Community psychology, bluntly below zero this is exactly perfect time to initiate bull market on the other hand ''Bakkt'' (ICE) news is solidly remarkable and most of news will follow this sentiment. Let's take a look at what is chart telling...
sup ! re update my last log scale that its not at all correct. this is my last one and my final veredict
The two charts show how viewing the current BTCUSD price trend and breakouts are considerably different when seen in LOG scale view and LINEAR scale view. While i use LINEAR scale for the majority of my charting, I often switch between the two scales, especially when there has been limited movement when price crosses one resistance but fails to make the scale of...
Formula used: m = the logarithm of daily market cap n = the logarithm of a 90 day MA of daily transaction volume in USD output = the exponential function of (m / n) Wider view: Different formula: (1 + (1/n))^n
BTCUSD logarithmic chart. It shows us broken triangle near the resistance line of the descending channel.
Just watch.. If you have any question, please leave a comment
So, there are many charts to be seen at the moment on tradingview, showing this latest longterm trendline, and how BTC will certainly bounce off it, giving us a low of around 4500. However, if we look at BTC historical data, we can see, that bitcoin already had 2 trendlines of this type, which both were broken. The first one starting in 2010 until 2011, the...
So at the moment I see many charts that draw the longterm trendline from the last bullmarket, that started end of 2015, early 2016. By this trendline, we come to the conclusion that the low will be at around 4500, because that trendline is solid as rock, it cannot break, impossible. However, many people forget that we already had trendlines like this twice. The...
Bitcoin long term log scale analysis: To analyse the percent change of bitcoin over the long term period. What we are seeing here is two major corrections from bitcoin since double digits prices . 1st one when btc crossed the 250 level barrier. It lasted 91days with a 74% drop in price, in the same period the RSI dropped 52% 2nd one when btc crossed...
just found this interesting view of macd in log, where you can see that in the consolidation year macd is low and during the bull years macd is high. i think we're starting the consolidarion period
Trend lines on logarithmic scale chart Inverse Head and Shoulder Two possible right shoulder patterns
regression for the EOY on BNB. 70% here and over 400% by EOY.
I keep seeing the 2014 bear fractal charts everywhere. There seems to be a trend going on or something. However, many people forget that before 2014, there was another rally, in early 2013. Both rallies ended in a large correction, with a subsequent logarithmic downtrend line. In both cases the trendline was broken. In 2014 it was a failed breakout, meaning that...