ARK/BTC is looking like a great buy opportunity from this range.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
This is a log chart.
Looking back at my all time BTC chart we see a clear channel support established where BTC has historically seen a reversal. For several weeks we have been riding right up that line. While we might expect to continue predominantly sideways movement for a several more weeks, a potential bottom appear to be establishing and as long as support continues to hold we...
This is the most likely long term BTC scenario that I see on the Log Scale.
The Yellow Trendline (all the way back from the 2015 bear market) will most likely need to be retested prior to the next Bull Run.
Until then, we move mostly sideways for almost a year.
Not financial advice: Trade less, accumulate more, HODL at peace.
Logarithmic scale. BTC DROP TO 220$
In this graphic it is possible to see the 3 ascending triangles more and more closed.
You are disconnected first descending triangle, my predictions is that more 2 will come on the way.
You can also see that at $ 4200 there is a fib. I sincerely think that btc will no longer pass in the near future.
We broke through the down trendline within the channel, which could mean we will be visiting the resistance at ~130B, that's an important one as it's the upper limit of the channel of the long term log downtrend we find outselves into
Zoom out to the Daily for more context
I'm no pro, just an amateur observing... I hope you find this useful. I've been in crypto...
The total crypto market cap would have to cross the 120+ billion level. That number lowers with time, as the log down trendline advances into lower numbers (so, for instance, if it were to happen now, it would have to be 130 billion; if it happened in April, 120 billion would suffice to break that line): this is why time is so important. Time is as important as...
I made a probability distribution of COINBASE:BTCUSD over the next few years.
The "ghost" price action is the most likely scenario, and the red area are the other possibilities.
The Blue area seems to be a great accumulation zone.
If you look at the daily Coinbase chart and switch it to a log scale chart. Then you will see that the uptrend is stronger than you thought but you will also see that we have been in a Bear market since price closed below the 200 EMA back in January of this year. I have been told that many long term institutional investors use Log Scale charts -vs- standard...
Lets zoom out on a weekly chart and plot some obvious trend lines on the log scale. We can clearly see that there are 3 major trendlines converging that should stop the rot and provide a base to move upward from. If we use the 2014/2015 movement I have predicted what could follow in the coming months . . . .
A trendline from the August 2015 low on the log chart has just been touch for the first time since January 2017. A breach of the trendline will see the August 2015 VWAP as the next target. Lets see how it plays out.
This is mostly for fun, but also an illustration of a worst case scenario. Saw this crazy fractal and thought....what if? I love the fact that this chart has so much price history.
In all seriousness though, if the DJI fails to consolidate in this range and make a higher high soon, we can assume it will drop. We have a nice double top formation so far. Buying...
This is not a chart to be traded off of, extrapolating trends from such early, low volume, price action has many issues. I consider these lines to be an interesting observation. More trustworthy technical analysis techniques are to be used for any tradeable analysis.