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3X BTC Bear Token Looks Ready To Make High Percentage MovesBTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum. The weekly for this 3X Bear Token also looks to be showing a Bullish Pinbar if it manages to close the day and thus the week the way it is now. Overall i think the it has the potential to go back to the 1 cent area.
FTX:BEARUSDLong
by RizeSenpai
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!
BITSTAMP:BTCUSD
by crypto_trends
1
EW: Five-Wave Cycle On BTGUSD, More Upside After A PullbackHello Crypto traders! Cryptocurrencies are in a massive rally and one of them is also BTGUSD (Bitcoin Gold), where we see room for more gains within a five-wave cycle, we just have to be aware of a potential pullback in wave 4, which can be quite big looking at the logarithmic scale chart. Well, what we want to say is that BTGUSD remains bullish while it's trading in that EW channel and any decline should be only a temporary pause within higher degree trend, before we will see a continuation higher for wave 5. Be humble and trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
B
by ew-forecast
LTCUSD - The big picture (log scale)Looks like we're about to retest the support level at 180$ (55 EMA). At the same time we're not far away from the temporary resistance at 240$. If we break through it and find new support we might have another big leg up. Also google trends shows me that the interest for "litecoin" is by far not even close to the ath from 2017. So all in all I'm bullish on this one and I do think 600$ and more are possible targets. However if we can't hold 180$ get ready for a correction. It's my first technical analysis so plz don't take it is a financial advise.
COINBASE:LTCUSD
by VeryChilledDude
BTCUSD: Monthly Log Chart A logarithmic look at the evolution of BTC price since its very early days The following key takeaways: BTC tends to extend only about 1/5 of its prior impulse move measured in terms of % increase; BTC tends to react ≈38.20% on a logarithmic scale to form a correctional bear market; The sub $80k area is a pivotal area to look for supply inflows. This analysis suggests an earlier-than-expected onset of bull trend maturity stage in the upcoming few months, which might correct this lower to the $20k area.
INDEX:BTCUSD
by Zoen_Trieste
27
The long term bull caseI have made a lot of comments about the long term bull case for bitcoin. Really that comes in the form of a number of different angles and analysis, which I might suggest a couple more ways of looking at things. This one goes on the assumption that the price follows historic price action, which it often doesnt. At these prices retail traders are put off, and institution plays a vital role in propping up prices. Fair value of bitcoin is under greater focus the higher the price, and hands get weaker at tops, until new supports are created. In this run we are yet to find a floor for value. Whilst this chart doesnt show a downward price discovery, one will need to happen at some point. This simply goes on the assumption that IF price continues to match the pattern, and we assume that percentage increase also matches, the price will top at around $320,000usd per btc. I should note, although I am personally a longterm permabull (year timeframe), I am short term trading trends and always open to short opportunities as well as long term opportunities. This is one bullish outlook, based on certain hand-picked facts. It is not my only outlook, and I could create an equally bearish chart given the time! Thoughts on anything in this chart are welcomed
COINBASE:BTCUSD
by Wynnsa
2
$ALGO 4hr pitchfork = strong trend.This is log scale chart. The pitchfork shows a strong respect of the 1.5 deviation. We've seen a couple of flash crashes to the 2.0 deviation on other bigger coinbase alts like $LINK, so those kinds of moves are still on the table. Also if big daddy $BTC decides to run? Alt's will bleed / stay sideways for a while. I'm still very bullish on these Coinbase alts. BTC breaks out into price discovery -> retail normies fomo in -> Coinbase is the onramp -> Bitcoin is "too expensive" -> Normies buy cheaper alt coins, especially ones like $ALGO that have staking rewards -> Alt season commence.
COINBASE:ALGOUSDLong
by its_maxbro
BTC Moves on This Path....?Playing around with the log chart, just trying to get some concept of where the price extremes are and where important lines (like ATH) converge. The last market cycle had bitcoin making its ATH seven weeks before the previous ATH converged with the bottom trend line. If the same thing were to happen this cycle, and the high comes in exactly on the top trend line, then we'd see a high of around $200K on the 13th of November, 2023. That's still a ways off, but I think I can live with that kind of return in just over three years :)
BITSTAMP:BTCUSD
by JamesBrown
5
🔥🔥🔥 log BTC for thinking 🤔🤔Hello, guys! 👋🏻 Today I wanna bring to your attention log chart of Bitcoin 🔥 Everyone of us knows, Bitcoin is an exhaustible resource. ☝🏻 ❗❗❗ In total, it's possible to produce 20 million, and more than 18 million have already been extracted. ❗❗❗ The main question!!!👇🏻 ⁉What price of BTC would, when miners get the last million ? 🧐 ✍🏻I'm waiting for you for discuss in the comments, friends !!😏 Stay with me💋 Your Rocket Bomb🚀💣
BNC:BLX
by RocketBomb
55
Bitcoin Might Have Reached a Long-Term BottomPlease press the LIKE button if you enjoy the analysis The support line outlined in the chart above is drawn in the logarithmic scale and has been in place since BTC’s inception. In addition, the 200-week moving average is outlined in black. The price has validated both the support line and the MA numerous times, the prior three being on: -August 2015 -December 2018 -January 2019 The current weekly candlestick is below this support line and has touched the MA. However, there are four more days until the weekly candlestick closes, so we cannot yet state that the price has broken down below this line. For example, on August 2015, the price decreased way below this level only to bounce afterward and close the week slightly above the MA. The weekly RSI can be helpful in determining where the current price level is in regards to previous cycles. It has been oversold on only two occasions, January 2015 and December 2018. The current decrease that touched the support line has occurred 462 days after the RSI bottom. Interestingly, the price also touched the support line 462 days after the January 2015 bottom and created a very long lower wick. As for the vertical lines, they represent the halvening dates. The proximity to halvening is another similarity between these two cycles and suggests that this is probably a bottom. Therefore, the most probable move from here is a gradual price increase that would cause a weekly close above $6,000 and the ascending support line. The rate of increase would be expected to increase after halvening.
BITSTAMP:BTCUSDLong
by BitcoinMaximus1