On the left is the log chart with parallel channels. Notice the price just wicked close to the bottom of the main up channel and the bottom of the current down channel for LTF On the right is the linear chart with parallel channels. Notice the 11-12k candles rejected off the centre of the main up channel and we are below the centre of the current down channel for...
Usually when measuring the retracements for potential harmonics we use the Linear Fibonacci scale but i think it might be acceptable to use the FIB tool adjusted for log scale in certain instances and this is one of them. Pay no mind to the numbers auto generated by the Cypher tool as those numbers are only Linear scale retracements and the tool doesn't have a...
My target since parabola got broke is S2. Now capitulation is clear. If it goes below S2 and challenges log scale trend, bitcoin would be i deep trouble.
COINBASE:BTCUSD
My Elliot Wave of Apple in the Big Picture. I am assuming this Stock to still be in corrective Wave 4 at the moment which should stretch out a little bit longer. This assumption however is only valid as long as we stay under the 260 price level.
This is just to prove the people wrong who think XRP cant reach 100$+ as per my analysis, they think using the log scale is unrealistic. Yeah ok then.....
Support and resistance.
Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it? Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now.. What does this mean? Well at the very least it means that...
Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it? Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now.. What does this mean? Well at the very least it means that btc...
For details about the TZ method See below VVV
We're back in the log channel. Get your ducks in a row.
Have a look at the long term gold price on a log scale. Look at the last bull market from 2002 until 2011. Once again we are in a bull market. If it plays out like the last one we should see $1616 very soon -maybe in a month or two. This should be followed by an acceleration of the trend taking us through the all time high and on to $2200 by mid 2021. ...
The above chart shows the price of bitcoin plotted on a log scale. This is a way of easily seeing the percentage movements. On a log scale, a crash from $10 to $8 looks the same size as a crash from $10’000 to $8’000. They are both 20% crashes. If it were a linear scale, the $10 to $8 crash would be virtually invisible. As can be seen, bitcoin has suffered...
Notice how Bollinger Bands contract just before touching the trending support If it does the same near a good existing horizontal support... next bull run may be starting ("may" as in any technical analysis)
XRP gave us a tremendous breakout fakeout on the previous 1 day candle but closed above the neckline of the double bottom which is a very bullish sign...however we also closed under his pink descending trendline which is potentially the real top trendline of the descending triangle we've been in since back when the bear market got started. This trendline had been...
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...