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LOGARITHMIC

Comparing BTC with the 2013 and 2014 cyclesI keep seeing the 2014 bear fractal charts everywhere. There seems to be a trend going on or something. However, many people forget that before 2014, there was another rally, in early 2013. Both rallies ended in a large correction, with a subsequent logarithmic downtrend line. In both cases the trendline was broken. In 2014 it was a failed breakout, meaning that after breaking through the log res, it failed to go above the previous fibonacci resistance (mostly the 0.5 and 0.38 fib levels from the entire rise of the bull move). It then continued to decline. In 2013 however, we see a successful breakout from the downtrend line, leading to the second rally of 2013. The question is now: Which path will BTC take now? I think that BTC will continue to climb to the 0.38 fibo level, around 11500. Then, the usual oscillations, and afterwards it shall be decided if BTC does another rally like in 2013, or fails and continues to decline like in 2014. People who pretend to know are liars, no one knows what will happen. However, one can position himself or herself accordingly after we hit 11500. I will be prepared for both scenarios. Luckily, after the first pumps or dumps, it should be clear which direction BTC will take :)
BITSTAMP:BTCUSD
by SebastianofMoon
4
Beyond Bear Market, Bitcoin's longterm possibilitiesHello dear friends, I've seen a lot of charts out there drawing comparisons between the Mt Gox 2013/14 crash and subsequent bear market with Bitcoin today. While this remains the most obvious potential scenario, it is not the only one. The permabull in me might be bias in believing there is an alternative outcome for the coming months that doesn't end with gloom. And as C3P0 would say: That's funny, the damage doesn't look so bad from out there... Looking at the big picture (the logarithmic one), the drop we just experienced since December feels like a scratch. With that said,it may be much worse before it gets better. A lengthy sideways would be as equally painful for the mind, giving us weeks on sleepless nights and false breakouts. One the plus side, one could draw a channel like the one pictured and still see tremendous upside, even dream of fancy six figures number within reach. Mind you, drawing pitchfork channels is also prone to the author's subjectivity. I wouldn't put too much reading into the exact prices. Fantasy or not, you can't be seriously in crypto without having an idealist side. As long as your other side is a realist that keeps you in check, you should be fine :) But wait... As Obiwan would say: That's no moon As explained earlier, and until proven otherwise, the most likely scenario remains a full blown bear market plenty of lower lows and rekt enthusiasts. There is no certainty in trading, only probability and gut feelings. So please please please be careful with your coins. Okay so what? Well as George would say: A long time ago, in a galaxy far away... So let's go on a little time travel and head back to three of Bitcoin's tormented eras. In the coming updates, ill draw a comparison with what happened in 2012, 2013 and 2014. Stay tuned...
BITSTAMP:BTCUSD
by gmgame
14
XMRUSD: Monero Still Looks Bullish After Three-Wave CorrectionHello traders, After spike down on Cryptos we took a look on some ALTcoins and saw interesting pattern on BITFINEX:XMRUSD . As you can see on daily logarithmic scale chart, Monero still looks bullish despite big correction since December 2017, so seems like five-wave rally is not completed yet. On 4hour chart we are tracking wave IV correction, which seems to be completed with potential double bottom pattern, ending diagonal into wave C and also very nice and strong support level around 150. So, we expect that Monero will continue it's uptrend into wave V towards 680 level, just keep in mind that Bulls will be confirmed only above 450 level! On hourly chart we are tracking five waves up into wave 1, which would confirm that bottom of wave IV at 150 level can be in place, so be aware of a three-wave pullback into wave 2 back to around 200-250 level, before continue higher. If Monero from any reason breaks below 150 strong support level, then we may adjust the view!
BITFINEX:XMRUSD
by ew-forecast
4
Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2
LOGARITHMIC SCALE FOR THE WIN!I have been thinking about the high volatility of this market and I realized that the absolute scaling does not make much sense. We are moving in between 4k and 20k in the matter of weeks. 4000 to 4500 is not the same difference as 10000 to 10500 while considering the profits. I think this is a mistake that most of us are making while making charts. In such volatility, log scale should be used to reflect the proportional changes. In the chart you can see the downward channel adapted to log scale. Also all the support levels are presented. These are the scenarios that I came up with: 1. a head and shoulders forms after 9k$ and with a strong signal we push out of the bear channel. 2. we bounce back from 8k$ support (from 02-feb). I don't think this will be strong enough to push us out of the channel 3. we bounce from the projection intersection 7k$ (green dash) 4. we bounce from 6k$ lowest of 2018 5. we touch the bottom of channel around 4k$-4.5k$ and finalize(?) the correction. I personally believe that scenario 5 is the most likely as it represents a better correction. Please let me know what you think in comments. Especially about log scale. I am learning so I am curious about opinions of more expert traders. Have a great day.
BITFINEX:BTCUSDShort
by kayamemet
2
XRP like a pitBULL!As You see, XRP cracked out the parabolic channel (red was the upper limit and green was the bottom), the EMA lines are good too! and they crossed the downtrend line (purple dotted line) and emerged above it! The volume of trading is growing and the volume EMA seems good as well. On the top of this the MACD (/day) hit the signal of BULLish rising!!! On the left side you can see the up fib levels (faded colors), and on the right side you can see the down fib levels (vivid colors), now as the bullish trade begins the XRP is expected to start a new rally or bounce in 3-5 waves at least. It was hitting our 78fib(vivid) as rised to start the 1st wave, and it may drop to 23fib (faded) make the bottom of the 1st wave. The following waves will do the same ping-pong between the fib levels. Have a goog trade!
BITFINEX:XRPUSD
by contrecoup
2
Testing the uptrend. Logarithmic axis of prices on 1 year chartHere we see the trading corridor. We left the corridor in the end of the year and touched the $20 000, bears pushed us back to the corridor very quickly If the red line will be crossed and we will be testing the $8 000 level the drawing of the opposite movement can be projected ( the black line projection). If there will not be a quick return to the corridor, the uptrend line can be broken. Support level: $8 000. Buy opportunity there, but we should, take care of risks: Place stop loss orders below the support level. See more on steemit.com/@dkn
BITSTAMP:BTCUSD
by DmitriKnjazev
Parabolic trend on logarithmic scale and Jan Dump 2018Starting with 2014 on the logarithmic chart we can see the cycles BTC had from DUMP to DUMP. The cycle is getting shorter starting with March 2017. If we measure from the starting of the movement till the bottom we see that at the moment the drop is ~41%. Although the last drops were around ~32.9% average this time we surpassed this with ease, but still we are not near the drop levels we can see in August - September 2015 - 46.75% or January 2015 - 45.24%. We could actually see another mini drop here. I believe this time the fall was accentuated by more FUD than usual and also by the euphoria in Q3 and Q4 that pushed bitcoin higher than it was needed. Bitcoin and Crypto are becoming mainstream, this means more click bait and less good information that you can base your decisions on. Yesterday was like the pinnacle of this. Also when a glimpse of hope appeared wave 2 of bad news appeared. Bitconect fall. Some of us understand that it was a ponzi since the beginning but a lot of uneducated people are losing faith fast in crypto because them, or their friends, lost their money in the Bitconnect fiasco. I believe last night CNBC was actually recommending Tether as a good investment. You can say what you want about Tethers. I believe they are beautifully ugly but they come and will come to save the day until parts of this ecosystem or all of it will be regulated and mass adoption will be here. Everybody should freak out if tether.to is raided and closed. We will probably see a 60-70% drop in 30 minutes or 1 hour. More will follow and as the market goes through it’s almost natural cycle more news well synchronize with it’s BHLD Pattern. Peter Brandt has a great chart on this pattern twitter.com We need less scams, more good UX and technology to make this fly more securely. Also every time you feel this technology is a bubble, never forget Facebook is worth 518 billions :)
BITFINEX:BTCUSD
by drive23
1