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This Mix of Tools May Make You More Fearless When Trading AIREven with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price. On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel. Also, the previous swing area between 102.32-101.68 is the next bearish target if a further breakdown would occur. On the flip side, a break above the upper 3/1 and the lower support line of the channel may set the area between 121.20 and the upper 4/1 as the next bullish targets. I would appreciate any opinion concerning this analysis :)
XETR:AIR
by SamerHa
BTCUSD weekly (04/01/2023)Happy New Year to all traders! I have been waiting for a while and accumulating for these purchase points in Bitcoin, here I leave you a new comparative analysis of the weekly BLX on a logarithmic scale together with the Bitcoin Logarithmic Curves and the Rainbow Price Chart. On this occasion, the purchase points with the highest historical profitability in BTC have been analyzed with various indicators: - 200MA hold or brief break - PA on a macro scale with very high pressure points -RSI touching the lower bands (all of them as minimums of the previous cycles) -BLGC the logarithmic curves in minima - BRPC maximum sales accumulation points In my opinion, I think we are facing the best buying opportunities, perhaps with the best point at 15k or around a few days ago. I am sure that the true BTC and Blockchain maximalists are taking action in these areas. A strong greeting and I wish you a wonderful year! ---------------------------- ¡Feliz año nuevo a todos los traders! Llevo tiempo esperando y acumulando para estos puntos de compra en Bitcoin, aquí les dejo un nuevo análisis comparativo del BLX semanal en escala logarítmica junto con las Curvas Logarítmicas de Bitcoin y el Rainbow Price Chart. En esta ocasión, Se han analizado los puntos de compra con mayor rentabilidad histórica en BTC con diversos indicadores: - 200MA espera o breve descanso - PA en escala macro con puntos de presión muy altos -RSI tocando las bandas inferiores (todos ellos como mínimos de los ciclos anteriores) -BLGC las curvas logarítmicas en mínimos -Puntos máximos de acumulación de ventas BRPC En mi opinión, creo que estamos ante las mejores oportunidades de compra, quizás con el mejor punto en 15k o hace unos días. Estoy seguro de que los verdaderos maximalistas de BTC y Blockchain están tomando medidas en estas áreas. Un fuerte saludo y les deseo un maravilloso año!
BNC:BLXLong
by AVNGL01
BTCUSD - Downward Trend ContinuesIn May 2022, the major structure at 29K was broken and a 1 month trading range formed at the support level until it was finally broken to the downside. By measuring the distance from the all-time high (ATH) to 29K and applying it to the downwards target, we can calculate a potential target of around 12K. Using the Fibonacci retracement tool from the start of the bull market to the end of it also gives us a target of $11651 (Fib. 0.618), which aligns with the previous calculation. Currently, we have lost the ATH from 2017 at around 20K as support and are trading at $16600. The next interesting area to watch for is the ATH from 2019 at $13870. Given the current global circumstances, it is likely that the bear market will continue in 2023, providing ample time for DCA.
INDEX:BTCUSDShort
by SiDec
The unknown obvious: when to use log-scaleThere's a semi-wide-spread snake oil "wisdom" in near-quant circles that you need to use log-charts/log-scale/log-transform all the time. No, you need to use it only when the range of the data been processed exceeds one order of magnitude (data maximum at least 10 times data minimum). Before dat, no-no! Please, don't stabilize the variance unless it'll asks you to. Now bringing your attention to the important detail -> data 'being processed'. It means that you don't push the log button when your chart's arbitrary time range is 456-986755. You push dat button when the particular domain (part of the chart) you analyze does exceed one order of magnitude. P.S.: disregard the studies applied, it's all R&D
NYMEX:NG1!Education
by gorx1
$TSLA Is Still Likely Heading Down To $38.60 From HereThis is an Update/Reminder of a Previous Similar Bearish Idea I had on $TSLA before the stock split. I'v felt that it is necessary to post a fresh updated readjusted chart to account for the post-split price action. If you want to compare this chart with the original chart check the Related Ideas Section Below. $TSLA as we look at it today continues to Bearishly Diverge at the PCZ of this Logscaled Bearish AB=CD and has formed a Bearish Head and Shoulders Pattern at the Highs. The target pre-split was $38.60 but post-split i can now seet going all the way down to even $13 or lower, however to be conservative i will continue to target $38.60
NASDAQ:TSLAShort
by RizeSenpai
3
MATIC Descending Scallop 4H Starting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag . I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish , its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
M
by Tims.Technische.Analyse.
MATIC Extended V Bottom 1DStarting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag . I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish , its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
M
by Tims.Technische.Analyse.
MATIC Extended V Bottom 1WStarting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag. I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish, its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
M
by Tims.Technische.Analyse.
1
LTC Marketcap Sitting at the PCZ of a Logscale Deep GartleyWe have 0.886/1.618 confluence at around 3.5-3.3 Billion Dollars and are currently Banging up against a Trendline that if we break above could be the start of something big. I'v already got some other bullish charts on LTC charted in different ways and everytime and every way i look at the ltc charts i just see huge amounts of bullish potential and i'm just adding this chart to the growing list of bullish charts on LTC. The other LTC charts can be seen in the Related Ideas Tab below.
CRYPTOCAP:LTCLong
by RizeSenpai
How to Use Log ScaleIn this post, I will explain how traders can maximize their use of log scale on Trading View. I will give examples of when you should use log scale on your charts and when you should not, as well as provide an in-depth analysis of its use cases, including how you can actually visualize the entire lifecycle of an asset using the log scale. In the chart above, I highlight the difference that using the wrong scale can have on your trading. The chart shows the monthly candlesticks for the U.S. Dollar Index (DXY). If one applied Fibonacci levels on a log adjusted version of the chart, one would have been under the impression that the dollar index made a huge breakout above its Fibonacci level. However, if one had not applied log adjustment, one would have correctly noticed that price was actually being resisted by the Fibonacci level. From a mathematical perspective, the U.S. dollar index ordinarily should not be log adjusted. I'll explain why below. Log adjustment simply refers to adjusting data on a logarithmic scale. Log adjustment is most suitable for visualizing data of a financial instrument or asset that is moving exponentially or in logistic growth . I will explain and illustrate both of these patterns below, but before I do so, I will discuss assets that do not move in either of these two ways and therefore should not be log adjusted. Financial instruments that are range-bound or that oscillate up and down (e.g. the VIX), ordinarily, should not be log adjusted. Similarly, financial instruments that oscillate relative to another financial instrument, such as the U.S. dollar index (the dollar index oscillates relative to the strength of other currencies), should ordinarily not be log adjusted. Additionally, financial instruments that oscillate up or down solely due to monetary policy action, such as bonds and interest rates, ordinarily, should not be log-adjusted. In all of these oscillator examples, price action does not undergo exponential decay or logistic growth relative to time and therefore log adjustment is mostly inappropriate. Applying log scale to these assets can lead to the trader reaching the wrong conclusion, such as shown with the dollar index example above, and below with an example from the VIX. Regardless of which one of these charts ultimately proves to be right (support holding or breaking for the VIX) it illustrates the problem with using the wrong scale on your charts. Using the wrong scale can lead to the wrong conclusion and put you on the wrong side of a trade. On the other hand, most other financial instruments and assets move in patterns of either exponential decay or logistic growth and should be log adjusted. Most stocks, indices, derivatives, and cryptocurrencies move in patterns that should be log adjusted. Here's an example of exponential decay : Here's an example of logistic growth : Many people look at this chart and incorrectly think that Monster Beverage (MNST) is growing exponentially, but in fact it is not. Applying log adjustment can help show this. As you can see, log adjustment shows that MNST's past price action fits the S-curve of a logistic function almost perfectly. If MNST were growing exponentially, log adjustment would just show a straight line with an upward slope. In the above example, log adjustment can actually show you hints that MNST is in the late phase of its growth cycle as price reaches capacity. As far as I am aware, no financial asset grows exponentially, as there is a finite amount of capital and a finite amount of resources in the world. When a financial instrument appears to be growing exponentially, it is merely in the upward concavity phase/maximum growth period of a logistic function. Eventually, the financial instrument will reach its capacity and its growth will begin to flatten over time. In virtually all cases, assets decline at some point in the future after reaching their capacity. Using log adjustments can help you avoid entering into positions of assets that are near capacity. Log adjustment reveals where an asset is currently positioned in its lifecycle. Take a look at the below example of Citigroup. When the Great Recession hit, Citigroup began to undergo exponential decay (relative to the broader market). See the chart of Citigroup's price action relative to the broader market (S&P 500). In some rare cases, an asset can do the opposite of this: transition from exponential decay to logistic growth. Finding and entering a position just before the inflection point can be among the most lucrative investments one can possibly make in the financial markets. Log adjustment can help you find the inflection point. In the future, I will write a post on how to find inflection points using log adjustment, and I will provide an example of an asset that is about to break out from its inflection point. Aside from visualizing the lifecycle of a financial asset, log adjustment can help eliminate skewness to better visualize patterns. Here's an example below. Log adjustment also allows us to run linear-log regressions. In short, a linear log regression can identify areas where price action is unusually above or below the mean for financial instruments that move up or down exponentially. In the chart above, we see a log-adjusted chart of Money Supply (M2SL). Applying log adjustment to the money supply and then adding a linear-log regression channel shows us that the Federal Reserve was clearly adding too much money into circulation as evident by the M2SL reaching an abnormally high standard deviation from the mean and jumping above the upper line of the regression channel. Log scales help us understand and visualize data about the world around us and the natural cycles which characterize it. Log scales and logistic growth are used in many other scientific contexts from epidemiology (e.g. tracking the spread of a virus) to demography (e.g. analyzing population growth and decline). Take a look at a log scale of Japan's Nikkei Stock Average alongside the country's population from the post-World War II era to the present day. In summary, applying log adjustment is ordinarily suitable for assets that move exponentially or in logistic growth. Applying log adjustment on the price action of an asset that moves in this manner can better help us eliminate skewness, identify abnormal deviations using linear-log regression, and allow us to visualize the lifecycle of a financial asset. Note: Sometimes the wrong scale can be useful in trading because so many other traders are also making the same error and basing their trades on the wrong scale. I've seen this happen quite frequently for Fibonacci retracements. So sometimes it can be helpful to toggle between log scale on and off to see which is causing a price reaction. In general, though, log adjustment is mostly suitable for assets moving in exponential decay or logistic growth, from a mathematical perspective.
TVC:DXYEducation
by SpyMasterTrades
17
Short Term Downside with Long Term UpsideI believe we will retrace to the 0.618 retracement zone/ the prior low. I doubt we will go lower, as they say, be bullish when all others are bearish. The argument for 20k doesn't take into account the increase in the money supply, and when that is accounted for it meets pretty on par with the lowest support line in my chart. Also, we are seeing weakness due to a breakout in DXY, this can not be sustained as the US will publish recession confirmation data into Q2 with negative GDP numbers. The Fed Reserve will be forced to go dovish into the Nov 2022 election cycle. I think we will continue to bleed toward a bottom between 33-26k with one final capitulation until that happens. Once that occurs I believe we will begin the next cycle with a slow grind upward for the rest of the year into 2023.
BITSTAMP:BTCUSD
by shri2222
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge. You can follow this chart here . I hope you learn something from this video and if you like it, then please leave a like. If you have questions, then please leave a comment. Thank you.
by TechNerdOmar
1
BTC - Flat Correction - FIBO mConfluence in game !!Hello trader, Nice week and profitable deals 💲 Feeling the turmoil in the market regularly...Even though I'm just a small fish, I take it upon myself to blame the FED for it. They started the tepppan much too late and denied until the last second that this inflation was not just temporary. On the contrary, it could also develop into hyperinflation! Even if BTC is an integral part of the markets, it has repeatedly failed to demonstrate the intrinsic value of gold! Now to the technical part: The last drop in BTC ended exactly at the 0.887 of the double top, which indicates a FLAT correction that can last for a long time and stopped exactly at the FIBO confluence 0.887 - 0.236 and Pitchfork 0.5. Also the 3 stopped at the Fib Extension 2.0 - Pitchfork1 and logscale Pitchfork 1.5! It's easily possible that we'll stop at the next Confluence point before things start going up again. This would be 0.382 and Pitchfork1 or Median Line !! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
BITSTAMP:BTCUSD
by TR7z
$TSLA Likely Heading Down To $38.60 From HereTSLA has had 5 waves upwards and within these waves has formed somewhat of a Logscale AB=CD Harmonic Pattern. The minimum targets for these AB=CD patterns are typically back down to the C level which in the case for TSLA should take us down to around $38.60. As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and the RSI has shown extreme amounts exhaustion at these levels; Lastly we have a confirmed Evening Star Doji Visible on the Monthly Chart. Everything simply just points down for TSLA.
NASDAQ:TSLAShort
by RizeSenpai
12
Double Bottom at ABCD/88.6% Confluence Zone With RSI DivergenceThis Double Bottom is looking pretty promising I set the Fibonacci tool up in logscale and that reveals that we are at the log-scale 88.6% retracement and from the looks of it are Double Bottoming while Forming Bullish Divergence on the RSI and as if that weren't enough we are also very near the PCZ of a Bullish ABCD which is just below us but the context of us showing bullish variables like this so very near the PCZ and at the 88.6% leads me to believe that right here and right now is a good spot to buy.
FTX:MNGOUSDLong
by RizeSenpai