ETH log(1w) Bouncing off of trend lines/MA testI have been following these trend lines on the ETH chart (LOG ONLY) and they seem to be following very well, similarly to how BTC is to the wyckoff accumulation. I drew two arrows, for two different scenarios I believe are equally as likely. I do not believe we are headed to break-down of the channel, let alone test the Moving Average (orange line) in the near future. Ether is used by enterprises and institutions are adopting it like no other. Smart contracts and Blockchain dApps are the future and will be ran on ETH2.0, FLR network, and maybe some others. NFA.
LOGARITHMIC
BTC HTF Log View + Fib Time for Jan 4th 2022Appear to have found a potentially epic Fib time, starting from the very beginning of BTCs recorded upward thrust. Thought some might be interested, so am deciding to publish this chart. Note it catches the last cycle high almost perfectly, as well as the most recent high at the 4.618. Fib time 5 shows up on Jan 4th 2022. This is closely aligned with many analysts prediction of near the end of this Bull cycle.
There is a simple fan drawn of the tops. The top of the last 2 major bull cycles trend line is in the middle, and intersects with Fib time 5 showing in the area of $344K. Which is also closely aligned with many predictions of BTC hitting in the 6 digit range this cycle.
Note the Fib retracement is from the absolute bottom to the absolute top of BTCs recorded history. This current retracement is hitting very strong resistance right now. The Fib retracement "Golden Pocket" of the entire chart is roughly between $24.7K and $22K, with the last cycle high being just under $20K hanging out below.
I'm not sure BTC can rally $300K+ in 6 months, but... what do you think?
If nothing else, looks to be an interesting next couple of months.
Don't Panic! Zoom out and the BTC log chart looks great!This is an all-time log chart for Bitcoin, showing the percentage it has changed over time. Of course in trading and investment, percentage change is the only metric that matters: You invest an amount into an asset, and hope for a certain percentage return. The actual asset price doesn't matter a hoot.
As you can see, the recent "massive" dump actually looks rather insignificant as a percentage, when compared to BTC's history. Just a bit of a blip. And the long-term outlook still appears to be nice and bullish.
You can also see the trend curve shows that Bitcoin is getting less volatile over time (mainly due to increase in market cap), which is a good thing for the whole crypto market.
SIDEWAYS now (upsetting) - LONG in 2022 to $500k! For real.Ugh.
So, I'm biased bullish on BTC. Short and Long-Term. So charting this out has been a bit upsetting.
Apologies for the spider web, but I've tried to include major trendlines on this chart that I saw as pertinent as well as highlight clearly the latest RSI trend and support and resistance there. And then I was curious and threw in some Fibonacci Time Zones ... they lined up crazily, so they stayed too.
I've captured most my notes in the chart, but last comment: I've found that the price seems magnetically drawn to points where multiple macro trendlines converge. So that thought seems to bolster further the fib time zones callouts of the potential bottom and top coming in our futures.
Again. I hated what this analysis resulted in. My bias is strong. However, the chart is the chart. We'll see how well it holds. Thanks.
BTC Log Fractal - With Macro channelBTC Log Fractal - Nobody expects us to make a run the same size as last time, law of diminishing returns etc. Posting this for the kicks to see at what point is decouples from the fractal and under performs. Also as a rough guideline so I don't get lost in the bull run. Added channel too.
Bitcoin and log 618 + 382 retracements 618 log drawn from previous all time high (PATH) to peak often catches a very good bounce area to the linear 0.5/8618 area which for bitcoin would be the 47-50k area currently. Whether or not this then leads to the log 382 retracement at 20k after is debatable. Looking at this chart a break of 70k in the next 6 months would be very bullish IMO. Prob look for 250k lol
BTC Log Cycles - Based on HalvingsExperimenting with Bitcoin high time frame log charts, I began to notice some patterns.
Please note: This is a work in progress and by no means financial advice.
Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns?
Log charts are generally meant for and used with curved lines. However, when one finds a straight forward geometric pattern between the last 2 major cycles and this one, based on halvings... couldn't help but continue to explore, and hope this is interesting for you too.
I will continue to monitor and update, if this chart and pattern continues to make sense as it unfolds, and will attempt to simplify so it is easier to read. But wanted to post this before going to sleep, and again, this is only a work in progress. Any feedback, questions or suggestions are welcome. Best.
BTC Triangle in LogLooking at the current BTC downward market structure in log, here are some observations.
Purple fan lines extend from last year March low. The white channel fits perfectly between the two most outreached tops, and 4 bottom major wicks down since April. Most recent local wick down landed on the bottom of the triangle (log) and local structure .618. Major trend lines were bisected forming several potential triangle phases. Local fib time seems to hit on or near major moves, 8 looks to line up with the next potential triangle phase end.
When will it break, and which direction?
Imo, it will have to go down below $29K, before it continues back into a bull market structure. If it breaks upward, this may be a fakeout, acting as a UT or UTAD. Watch for another crash down, acting as a redistribution phase.
Some levels to look for on a break up, before another major turn down redistribution scenario:
CME gap needs closing around 49100.
Any of the major top yellow triangle phases trendlines as resistance.
$50K (psychological)
If it breaks downward below $29K first, this would look like an overall bullish move imo, taking out some lower levels, before springing upwards acting as an accumulation phase.
Is the logarithmic scale of the Tradingview really logarithmic?I've been looking for the correct equation for a straight line on Semi-logarithmic scale for some time. The base equation is as follows:
log y = mx + log k
m = slope of line = (log y1 - log y0) / (x1 - x0)
k = y-intercept: value of y where line crosses the x = 0 axis
While this equation is absolutely correct, the result of plotting it on logarithmic scale was a curve.
Then I realized that apparently in the price < 0.001 range, the logarithmic chart of Tradingview is not working logarithmically!
I am so confused.
Does anyone know the cause?
What is the equation corresponding to the chart scale?
Please help if you can.
Bitcoin top only in 2023? or has Bitcoin top at $65k?I think the bull run isn't over, however there is a small probability that the $65K was the top and we are all on the denial phase now.
Remember market act as its own and in most cases acts the opposite of the herd,
- Most is expecting the bull market not to be over
- Most was expecting a blow off top
If $65k was not the top here is my outlook for bitcoin moving forward.
This bull run is fueled buy Institution and we know they move slower then retail investor so that's one reason why the top will take longer then the previous cycles maybe in 2023.
ATOMUSDT(Update)With in Log scale Measured Move we have 2 different perspective which bulls and bears are in balance level so with shadow has hunted in Weekly TF chances for bull could be more better but if bears try to take control we might have correction in demand zone or resistance area it leads to Rally base drop Or Rally base Rally .
Note : Please DO NOT LIKE ideas , Give different idea which is opposite side to understand better in market .
BTC down, but not out!A rather drastic drop just occurred for BTC with potential (probable) drops to continue (after possible short-term retracement). The long-term linear trend just took a rather harsh hit as the price dipped below the support around 58K and subsequently plummeted to around 51.5K USD. However, this doesn't look like the bull market is done just yet.
Whenever I see a dip without a flash crash from the beginning uptrend, I tend to look to the logarithmic chart for what trends to observe (NOTE: the current crash was to the 61.8% Fibonacci for the dip since 43K and around 23.6% Fibonacci of the dip since 29K). Additionally, the current logarithmic trend looks to have started fairly earlier and more conclusively than the linear trend, so I feel it can be better trusted for longer-term trend expectations.
From the daily logarithmic chart, the uptrend definitely looks to be continuing (as indicated by the yellow trend line which I drew quite some time ago which some may have seen sneak into some of my previous charts), but one can definitely see there is a bit more possible dip to occur (to near around 47K, which is around the 38.2% Fibonacci level since the 29K dip). I anticipate this level is likely to occur with the current downtrend, but not necessarily after some retracement occurs (and potentially propelling a few alts back upward slightly in the short term).
Hence I am currently keeping an eye on the long-term daily upward support to see if it continues to hold. If it does, a retracement like that which is currently occurring definitely has the potential to be a healthy retreat before a longer uptrend within the next year. However, if support falters, it can definitely lead to a year(s) long reversal. Either way, the aforementioned levels seem to be some key points for which to watch out in the short-term to determine the rest of the long-term trend.
Please like if you agree or leave a comment if you see some different trends/concerns that I am missing as I would love to hear your thoughts!
Weekly ONT on a logarithmic scale, with a lot of potentialTechnical analysis regarding the price of ONTOLOGY in relation of dollar Tether for the next scenarios, based on weekly movement.
On a logarithmic scale, the asset reduces the representation to a scale that is easier to view and analyze. The distance between one point and another is% of the total. That is, the distance between 1 and 2 is 100%, which will be the same distance between 10 and 20, between 100 and 200 and so on.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BTC CYCLESAs you can see, there is a pattern of tops and bottoms on BTC if we look on the logarithmic scale with fibonacci settings also on log. If this patterns continues we gonna have the next top on 200.000 area and the next bottom to 60.000 area. We have no reason to believe this pattern is broken so let’s see if and when we go there.
$AAVE - Logarithmic Idea #AAVELog Chart of AAVE, with curved/parabola trend lines and potential paths.
The fib levels indicate points of resistance.
Current Strong Resistance: 0.236 Fib, EMA20, EMA50 - wow!
Support from EMA 100 - pretty cool to see this all line up.
Breaking through this resistance area could rocket the price up to previous highs, possibly further.
We also have the RSI, Stoch RSI and MFI. All of which are in oversold/neutral territory meaning, risk-vs-reward on this trade is well balanced, if indeed the bull market ensures and bitcoin dominance drops.
My personal opinion is that bitcoin chops sideways for 3-12 days and alts have a mini rally.
BTC Cup and Handle (in Progress) - Not Exactly TextbookWe have a new high above the rim and a handle in process.
We are are above the Axis of the Logarithmic Channel that describes BTC's Bull Run from Hell.
We are above the Support of the price with the most volume during this Cup formation.
The only thing is we have ATH as a resistance above.
Otherwise there is nothing stopping BTC reaching the Textbook target of 73k described by the previous Cup formation that Musk and his tweet pumps ensured closure.
Top traders on Binance are 3 to 1 account heavy long and Open Interest isn't showing signs of decease.
Shorting at this point could prove expensive.
Good luck






















