Time to buy the crypto GuldenGulden is picked up by multiple crypto experts. The inovative Gulden POW2 whitness system is the thing they are talking about. If we look to the technical aspect of the chart we can see there is a wedge created. First we will break this wedge and climb up a little. A small pullback and we will go further up. Also if we look to the pink logarithmic trendline we allready broke that downtrend, more reasson to climb up!
LOGARITHMIC
Bitcoin longterm viewThe weekly RSI also needs to cool down like in the previous bear market. I expect around 4k in 2018 and around 50-100k towards 2021.
$gvt Logarithmic pitchfork leading indicatorcheck out that for buy and sell zones.
current btc play and drifting into the lower fork area suggests we are about to revisit the long term trend line around 0008 but forex hopium as always suggests we retry the mean.
Updated longterm chart: BTC always bullishWith all that doomsday feeling going around, I thought I'd update my older longterm chart, with updated, more precise price action.
It still seems that the bottom will be in the low 2000s area, sometime in march/april 2019, then a longer flat period, before the next bullrun.
This time, I looked at the ratio of the previous ATHs to each other, the factors are decreasing apparently each time.
If we'd continue this decreas of x2,25 of new ATH compared to previous ATH, we'd arrive at x7,15 increase over the previous ATH, leaving us at a 143K peak.
Of course this is not super precise, but it indeed is interesting to see, that it would match the resistance connecting the peaks with a curved resistance line, which also points to 100-150K.
So, we'd hopefully go to 3k now, weekly MA200, bounce there, go to 2200-2600 in March/April, then flat, then next bullrun and peak in 2021 with ATH at 100-150K.
I chose long on this one to emphasize that longterm, I am always long :)
So, patience and always think longterm ;) Then you'll have a lot of fun in 3-4 years time, hehe!
The importance of logarithmic charts for long term analysesWhen it comes to trend analysis, one of my favorite tools is Andrews' Pitchfork which tends to give really good insight on the state of the trend.
I have to admit I had lots of trouble dealing with long term analysis of cryptocurrencies using pitchforks until I tried to display the charts in logarithmic scales.
When you think about it, it totally makes sense to use logarithmic scales for cryptocurrencies that are exposed to exponential moves on the upside or on the downside especially when you study long term charts.
As you can see, results I obtain with pitchforks applied to logarithmic charts look pretty consistent no matter what the price move is (upward, downward, correction, trend)
BTC tested 4 years trend supportBitcoin tested 4 years up trend line in logarithmic chart nad also tested weekly MA144 level. i think it can be start of a new up trend. It is not a trade advice.
BTCUSD on Log scale - Long waited trendline touchFirst of all i am not a professional trader or analyst, so feel free to adjust and discuss my idea..
As you can see in the chart, bitcoin didn't break the trend line yet on log scale (BTC broke it on linear scale!!)
This is a moment of truth; whether the BTC will touch the trendline and go long or it will break it to 2,993 USD level
I'm a bit optimistic and i think we are going long this time..
Good Luck in your trades guys :)
Bitcoin: $300k by 2025Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line.
My first price target is $100k which I expect to be met between mid 2020 and mid 2021. I then anticipate another 12-16 month bear market before finally resuming the bull market and heading towards $300k between 2025 and 2026; I have chosen $300k as that would put Bitcoin on a slightly smaller market cap than gold assuming that 20 million coins had been mined ($6 trillion).
Finally, I have indicated accumulation zones in green, currently between $5.7k and $7k, I expect to move out of this range within the coming few months. Then similarly in the 2022/2023 bear market I expect Bitcoin to fall 60-70% and accumulate between $30k and $40k range.
Bitcoin long term overview (logarithmic)Time to sobering for btc, in spite of all uneasiness, ordeals, even tears i like to hear the footsteps of beautiful things. Community psychology, bluntly below zero this is exactly perfect time to initiate bull market on the other hand ''Bakkt'' (ICE) news is solidly remarkable and most of news will follow this sentiment. Let's take a look at what is chart telling us. The first cross between ma's witnessed a growth of 7000% within just 2 years However, when second cross occured tremendously held at the btc 6000 level. From my point of view 6k levels were the dip of btc also this ''Tether'' fud brought us to 0.618 fib level. If/when we obtain some upward movement above 0.618 fib level most likely we should wait possible cross between ma's and possible bull market as well according to chart. Frankly, i always adopt win-win market and I want to be on the side every re-tail trader wins so all i need that keep our motivation high and prepare for next bull market technically and emotionally. Cheers
BTC/MONTHLY final tesis target 158k targetsup !
re update my last log scale that its not at all correct.
this is my last one and my final veredict
BTCUSD resistance viewed in LOG & LINEAR differs considerablyThe two charts show how viewing the current BTCUSD price trend and breakouts are considerably different when seen in LOG scale view and LINEAR scale view. While i use LINEAR scale for the majority of my charting, I often switch between the two scales, especially when there has been limited movement when price crosses one resistance but fails to make the scale of price movement expected. Perhaps some greater movement will take place when BTC crosses the sideways resistance as viewed in LOG scale.
NVT in Relation to Bitfinex Shorts and PriceFormula used:
m = the logarithm of daily market cap
n = the logarithm of a 90 day MA of daily transaction volume in USD
output = the exponential function of (m / n)
Wider view:
Different formula: (1 + (1/n))^n
BITCOIN : How much?BTCUSD logarithmic chart. It shows us broken triangle near the resistance line of the descending channel.
BTC Hidden logarithmic correction on X-axis 2014 & 2018Just watch..
If you have any question, please leave a comment
Bitcoin: The problem with longterm trendlines So, there are many charts to be seen at the moment on tradingview, showing this latest longterm trendline, and how BTC will certainly bounce off it, giving us a low of around 4500.
However, if we look at BTC historical data, we can see, that bitcoin already had 2 trendlines of this type, which both were broken.
The first one starting in 2010 until 2011, the second on was a 2 year trendline from 2012 to 2014.
I think the same will happen again. People just give too much credit to these longterm lines, and I think the longterm bitcoin growth is not a line in the log chart, but a square root function, meaning
that the steepness of the longterm lines will get lower and lower.
A more accurate indicator for finding the low is imho the weekly MA200 line, painted in solid red. This line will offer extremely solid support, just like it did in 2014-2015.
BTC will probably rest there for a while in 2019, before it comes back with brutal strength for the next epic bullmarket.
Bitcoin: The problem with longterm trendlinesSo at the moment I see many charts that draw the longterm trendline from the last bullmarket, that started end of 2015, early 2016.
By this trendline, we come to the conclusion that the low will be at around 4500, because that trendline is solid as rock, it cannot break, impossible.
However, many people forget that we already had trendlines like this twice. The first when bitcoin was very young, starting from 2010, the second one starting from 2012 and reaching all the way to 2014.
But the problem is: BOTH were broken.
That is because I think the bitcoin growth doesn't follow one exponential trendline, it breaks the old ones, and adpots for new ones that are not so steep as the previous one.
So I think this time it will be no different, the longterm trendline will break, panic will ensue because people give far too much credit to these longterm lines, a panic sell-off is almost certain.
So I think we'll go below 4500. But then, BTC will find the bottom and come back with brutal strength for the next epic bullmarket :)
#Bitcoin long term log scale analysis #btcusd $btc #cryptoBitcoin long term log scale analysis:
To analyse the percent change of bitcoin over the long term period.
What we are seeing here is two major corrections from bitcoin since double digits prices .
1st one when btc crossed the 250 level barrier. It lasted 91days with a 74% drop in price, in the same period the RSI dropped 52%
2nd one when btc crossed the 1000 level barrier. It lasted close to 406days with 87% drop in price and RSI dropping 71% in the same period to a low of 27.5
Currently we are in the 3rd major correction that is seen afer btc broke the 10k level and faced exhaustion while coming close to 20k
We've seen 71% drop in prices so far(196days) while the RSI in the same period has dropped 54% to a low of 41.3 .
The 91 Days correction (-74%) was till the weekly 30MA(green) & 78.6fib support of the move till 259
The 406 days correction (-87%) was till 152 level that was a prev resistance level, in the 78.6-88.6 fib region
Btc found decent support at the weekly 100MA during this correction period.
Currently the weekly 100MA is at 4607
78.6fib support is at 4328
Previous swing high: 4980 will also provide good support
Curious MACD chart during stages of bitcoin pricejust found this interesting view of macd in log, where you can see that in the consolidation year macd is low and during the bull years macd is high.
i think we're starting the consolidarion period
XVGUSD 1D chartTrend lines on logarithmic scale chart
Inverse Head and Shoulder
Two possible right shoulder patterns
