This is a log chart, so may look a little different....but take a look a that cup and handle setup!
Log chart for total market cap showing how an extra long cycle could play out. Careful hodling when prices are along the top resistance levels. Unless a breakout and confirmation happens, remember it's nice to trade for some stablecoins when you're in lots of profits. Personally, I think the old "boom and bust" rhythm will begin to mellow out and cycles won't be...
As you can see, previous peaks almost disappear and become irrelevant as each new bull move occurs Log charts provide a more detailed perspective of price action Its crazy to think ENJIN could be $140, if that $140 price was hit, would tower over the current peak which is already massive
It took 7 years of market ups and downs, from 2010 to 2017, for the crypto complex to reach a total Market Capitalisation of $761B. However, a similar amount ($741B) has been added in the past 3.5 weeks. Think about that a little, as much new capital has been added to the crypto markets in 4 weeks as existed in the market at the 2017 peak! So time for a review of...
TVC:SPX using a log chart I channeled the market since it's inception. The top of the channel (in red) is exclusively where the major stock market crashes have happened. The bottom channel (in green) is "crash free." The bold purple line is where 3 of last 4 market crashes have happened. Since the "Nixon Shock," $spx has failed to breach this line, except during...
Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle...
After passing the mid-level by February 2021 of the current cycle, with an anticipated top around December 2021, are we over-extended in the current bull market cycle? Notably each cycle from lower band of the logarithmic curve to the upper band has increased in velocity in each movement. I still believe in $100K+ by the end of 2021, but $50K already? ...
I 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...
Everybody tell me. You have to use logchart to see the real worth of Bitcoin. There is so much air up to 1 million… Ok, I try logchart
Appear 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...
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...
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...
Seriously, what do you call it? Normally, exponential increases (x^2) on a standard scale have a constant linear (x) slope on a logarithmic scale. This chart shows an exponential growth in price ... on a logarithmic scaled price axis.
BTC 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.
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
Experimenting 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...
Looking 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...
Hello everyone, I sketched an approximate price movement on a logarithmic chart.