This is a Log scale chart on BTC/USD from Bitstamp. Utilizing fib channels with 618 extensions, trend based fib time, and regular fib extensions.
By analyzing past cycles on a log scale and doing some math I believe the target for this cycle is between $140000 - $150000. Of course this is no way a perfect analysis. .
Given up on any regular scale trades and sticking with cycles for now and holding assets. Lets see where the next one takes us!
Its hard to conceptualize a $50,000, $100,000 let alone a $500,000 per BTC price in the future, however the log chart really helps with the visualization. Just trying to illustrate the headroom BTC has to run, and how quickly it may do just that. Not 'technical analysis' just exploring the possibilities. This is not trading advise, just archiving my thoughts.
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...
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...
Just another big short remember That name. In the trading book at the night debt cycles burning bright. Era of rise of productivity, we have strong opacity. Beacuse more complexity of economy modes. We must be on the cheater codes to win this battle nodes. So let's see my analysis and win cash on the crisis!
Long to the "End of May"... BTC Future price prediction. In this Words prediction is cointained, little flight to 10k is provided... Long-Debt Cycle in the end, The deflation band plays in stand... Anti-Inflationary actives going down, but supply is down too ... Falling will be smoother, at 2022 best price to buy will be revealed like dry peanut butter... So be...
My view on ETH log scale. We got confluence at the $50 -> Weekly + 0.618.
Please 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...
If you consider the entire cryptoasset market at the moment, we're beginning to see a shift in mentality. There is more optimism in the markets. Though still carrying great skepticism, it should be noted that there are several indicators to our advantage that signal the beginning of another possible bull run. Considering that there is a significant uptrend in...
Here is a couple well known log lines applied to a TV chart. This is not trading/financial advice.
Price likes to revisit zones, zones were price stopped and price visited once (TF dependent) establishes an area that attracts price. However if rejected, zone becomes a strong boundary for a probable duration of time. Price rarely leaves an area to never return. Yellow represents a strong attraction for price. Blue Repels. Previous Analysis This is...
I see some people who do not turn on the log setting on their trend-based fib extension analyses. This is with it on. Is this correct? I particularly like the .618 is basically hovering around Verge's ATH. I also see interesting fractals (colored ovals). Comments would be greatly appreciated. Thanks!
Logarithmic long term prediction for Bitcoin
Looking at BTC on a logarithmic chart on high time frame. Bitcoin has always bounced from this trend line. It's pretty easy.... If we lose the "2018" bottom and break down from the long term trend line bitcoin is doomed and could crash very hard. If 5800 can hold we should see a bounce up to triangle resistance. If we can break above this resistance the next...