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Logcharts

Just doodling ideas with bitcoin price predictions to $100k-500kLooks like if you follow log chart channel up Btc has a probability to go to $529k or if it follows the log chart then it goes to $148k supports would be last peak of $19k and $13k Of course there's also a bearish side but bullish looks too good to be true. Haha! Hope you enjoy :) The bad: Monthly MACD about to cross down so watch out Oversold cross down last month November Volume going down The good: idk keep Hodl and dca strong! Thanks for looking
BITSTAMP:BTCUSD
by vizquant
#BSV Bitcoin SV LOG Chart- 5X potentialI always wonder why BSV is offered on Robinhood and not on Coinbase. :P I put together a Log chart on a 1D and looking at history to assume where this is going. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Long
by MillionaireEconomics
3
Bitcoin: Long Term Breakout ProjectionIn this post, I'll be shedding light on a speculative theory involving Bitcoin's breakout pattern for the long term. This analysis is based on time periods, the wyckoffian theory of accumulation and supply/demand, as well as breakout strategies. Analysis - To begin with, we can see that Bitcoin, over the long run, has undergone phases of accumulations - Based on the longest chart history available, it bottomed out in Nov. 2011, and broke out in Feb. 2013 - It took 2 years after a local bottom, for a bullish rally to start - We saw the first high form in Dec. 2013, after a 10 month long rally - The bottom of the trend formed in Jan. 2015. A two year long downtrend. - Since then, the trend started to reverse again, until prices broke out of the accumulation phase in Feb. 2017 - The parabolic bullish rally lasted another 10 months, topping out in Dec. 2017 - After a full year of a clear bearish trend, prices bottomed out in Dec. 2018 - Just as the second consolidation phase, we are seeing signs of a trend reversal, leading to a potential breakout around Feb. 2021 - Based on major trend lines, we could expect another parabolic rally lasting 10 months up to Dec. 2021 Summary In conclusion, understanding supply and demand based on the wyckoff theory for the overall picture is important. Bitcoin as an asset goes through phases of consolidations and breakouts, forming new highs over the years. Spotting such patterns are important as they allow traders to capitalize on ephemeral bullish trends. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
BITSTAMP:BTCUSDLong
by Michael_Wang_Official
5
AMZN: Arithmetic and Logarithmic Charts ExplainedIn this post, I'll be shedding light on the difference between arithmetic and logarithmic scale charts, and how to best use both charts to your advantage. Arithmetic Chart - The chart on the left is a chart that uses the arithmetic scale - This is the chart most common to us all, and one that's easiest for traders and investors to comprehend - An arithmetic chart represents price on the y axis, using equidistant spacing between the prices - This is demonstrated on the arithmetic scale above; the distance between 1 and 2, is the same as the distance between 8 and 9 - Arithmetic charts demonstrate absolute value Logarithmic Chart - The log chart on the right side has a different approach to interpreting price movement - The y axis uses equidistant spacing between designated prices - This is demonstrated on the logarithmic scale above; the distance between 1 and 2, is the same as the distance between 2 to 4, 4 to 8, and so on. - The logarithmic chart demonstrates the percentage change in the underlying asset's price Case Study: Amazon (AMZN) - We can take a look at Amazon's arithmetic and logarithmic charts, dividing them by significant phases to better understand the differences - We can first see that the area marked by 'extreme volatility' on the log chart, is much more drastically demonstrated than that of the arithmetic chart - This is because price fluctuations in terms of percentages were drastic at the time, due to the Dot-com Bubble. - For more information on the Dot-com bubble and today's stock bubble, you can check out my other analysis below: - However, because in terms of the absolute value changes during the Dot-com bubble are minuscule compared to the price fluctuations today, the phase of extreme volatility is barely noticeable in the arithmetic chart - In the period of a 'steady uptrend', we can see a clear and steady uptrend in the logarithmic chart, indicating that the stock moved up at a consistent pace, percentage-wise - The arithmetic chart, while not drastic in the uptrend's degree, demonstrates parabolic momentum building up - We then have the 'exponential growth' phase. Here, we see a move from $400 to $3,400 on the arithmetic scale. - However, the logarithmic chart merely demonstrates a steady uptrend without much volatility. - This is because while the absolute value of the stock has risen significantly over time, the percentage change in the rise was consistent. Conclusion While the arithmetic chart is more familiar for the average trader/investor, logarithmic charts help us clearly view long term data, especially when price points show immense volatility during the short term. As such, log charts can be effectively used in for technical analysis of cryptocurrencies, as well as volatile tech stocks with long price history. The understanding of the log chart is an effective tool, but it must be used with caution, since most people intuitively interpret a chart as an arithmetic one. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NASDAQ:AMZNEducation
by Michael_Wang_Official
7