Get started

Logscale

Does 200k sound absurd? All of the possible scenarios for BTC#BTCUSD #Bitstamp #Weekly #Log #EW - Hello traders from all over the world! It’s been a while since we’ve looked deep into the possible scenarios of Bitcoin in long-term EW perspective. The uploaded images are BTC weekly log scaled chart. Personally, I believe that spotting market trend and price actions utilizing Elliott wave theory is not that significant. So please just refer this post to roughly capture some possible trend flows and major PRZs (Potential Reversal Zone). - All of the cases I have prepared today have an assumption that the upward wave starting from the low at $3000 is an impulsive wave cycle(Blue wave 5). Or else there would be too many for me to cover in an upload. Scenarios with different assumptions are to be covered in the future. - Let’s start with scenario A first, my most bearish case. This wave counts regard that the current upward wave(30k~70k) is green sub-wave 5 of the blue wave 5. Even though I drew the whole impulsive black wave cycle in A-1, it is still possible that green wave 5 is still in progress as shown in A-2. This means that we might expect one more upward wave and the rough target price for wave 5 is around 95K~120K. - Scenario B implies that the on-going wave(30k~70k) is sub-wave B of the green wave 4. This case has reflected that this very wave structure is closer to 5-3-5-3-5 rather than 5-3-5 zigzags and thus expanded flat wave B was considered. It is more bullish than the first scenario in a longer term, but bearish in a shorter term. If Bitcoin makes a high higher than 69K, this wave count is no more valid and the scenario A-2 becomes more likely. The green wave 4 is targeted at 17k~23k. - Following case which interpreted that the green wave 3 has not ended, is scenario C. This count is somewhat similar to scenario A that the upward wave(30k~70k) has been considered as an impulsive, but this case regarded with lower degree(red). C-1 shows that the target price for green wave 4 is similar to that of scenario B when 69K is considered as the end of green wave 3. On the other hand, similar to A-2, C-2 also implied that black sub-wave 5 of green wave 3 has not ended yet and 95k~120k would be a rough target. After that if we see a corrective wave, possibly green wave 4, the green wave 5 can be targeted at 180k~220k. More precise targets are to be deducted later when more sub wave structures are formed. - Last but not least, scenario D is assuming that the ongoing wave is the black sub-wave 4 of the green wave 3. This case also applied the expanded flat just like scenario B, but lower wave degree has been counted. If Bitcoin succeeds on breaking the high at 69k, this case becomes invalid and scenario C will gain some weight. Similar target prices from the previous cases are regarded for black wave 4 and 5 and the green wave 4 and 5 will be specified after.
BITSTAMP:BTCUSD
by Tommy_Trader
2
BTC/USD Prediction AnalysisGood morning to all respected Traders and Investors, I made a simple analysis for BTC/USD Just prepare for the worst, I find support at 28k and resistance at 69k I reckon you guys to entry at 28k and Take Profit at 69k "Whatever you think, think the opposite :))" Happy trading you all Happy investing you all Good luck!! Critics and comments are super appreciated!! Thanks!! Cheers! Regards, PS: This is not financial advice. Please DYOR before entry the market
COINBASE:BTCUSD
by DidietMauludi
4
TLRY Swing Idea, LongPlease note I am using the logarithmic scale for these charts. TLRY was in a clear downtrend for 78 weeks, and has since been consolidating for 34 weeks. with highs of $300, and a current price of 7.40, this thing has huge potential for a large bounce. on the 1W chart, we have been essentially range bound since the highs and have recently broken above. Trade Idea: I will be position trading. Buying throughout the trading session on NOV 13th, so long as $7 to $6.70 holds intraday. SL if price breaks back into the long term range and breaks below the current higher low on the 4h chart, around 5.35 PT above 10 selling bits and pieces on the way up. Could see this retesting $25 and even $50
NASDAQ:TLRYLong
by Martinillo
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020. Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes. However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020. Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB. Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
SLong
by Goldsworth
1
ETH 1D LOG SCALE - Support LineEthereum ETH 1D Log scale chart shows that there has been a long trend line forming since March 2020. As the price is falling, there is support around the $4100 - $4200 price range. If it breaks that price range, we may be seeing lower price targets. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. 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
COINBASE:ETHUSD
by MillionaireEconomics
#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
#LTC Litecoin 1M LOG Chart - 10XCould a 10X still be in the cards for Litecoin LTC? I put together a 1M LOG Chart for LTC and assumed the double bottom breakout in the works. The 478% calculation brings the fib level to 2.618 almost perfectly. Of course this is an assumption but I can't rule this out. 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
KRAKEN:LTCUSDLong
by MillionaireEconomics
7
BTC : March 12 2020 Log Line Here is a trendline from March 12 2020 to October 7 2020 extended on a logarithmic price scale using 12Hour heikin-ashi candles : March 12 2020 was the lowest price point of 2020, and forms the beginning point for the trendline. Using that point, we can form the lowest unbroken support trendline before the post-ATH drop. Let's highlight our current battle, and then zoom in a bit : Extending the line to the right shows that BTC broke below the trendline numerous times, the furthest point below happening about 3 weeks into July 2021. 1Hour view : It appears that horizontal resistances may not be the only factor in the current battle. 5Minute view : Of note, I would consider this line as the middle of a ascending range or channel of influence, given that it is formed using rather dated (but important) price points. Therefore, I'll be watching for an obvious upward price launch not just at the line itself, but also from the surrounding area to signify that the line has been broken to the upside. And if we do get an obvious break above the line, perhaps it will resume its previous role of ascending support? Let's see what happens. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
9
Market Outlook WeeklyTVC:SPX using a log chart I channeled the market since it's inception. The top of the channel (in red) is exclusively where the major stock market crashes have happened. The bottom channel (in green) is "crash free." The bold purple line is where 3 of last 4 market crashes have happened. Since the "Nixon Shock," $spx has failed to breach this line, except during the "dot-com bubble." U.S. inflation rates are rising, the Buffet Indicator (divide by US GDP on the chart) is at an all time high, and the CAPE (SPX ECY on chart) is starting to. rise, like it has at the top of every crash. However, a major crash has not when CAPE is above that black line, excluding COVID. Note: Not claiming a crash now, just saying there are some warning signals and to be cautious.
TVC:SPX
by StkMktBulldog
BTC Log Cycles - Based on HalvingsExperimenting with Bitcoin high time frame log charts, I began to notice some patterns. Please note: This is a work in progress and by no means financial advice. Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns? Log charts are generally meant for and used with curved lines. However, when one finds a straight forward geometric pattern between the last 2 major cycles and this one, based on halvings... couldn't help but continue to explore, and hope this is interesting for you too. I will continue to monitor and update, if this chart and pattern continues to make sense as it unfolds, and will attempt to simplify so it is easier to read. But wanted to post this before going to sleep, and again, this is only a work in progress. Any feedback, questions or suggestions are welcome. Best.
BITSTAMP:BTCUSDLong
by DestinyJV
6
3X BTC Bear Token Looks Ready To Make High Percentage MovesBTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum. The weekly for this 3X Bear Token also looks to be showing a Bullish Pinbar if it manages to close the day and thus the week the way it is now. Overall i think the it has the potential to go back to the 1 cent area.
FTX:BEARUSDLong
by RizeSenpai
BTC down, but not out!A rather drastic drop just occurred for BTC with potential (probable) drops to continue (after possible short-term retracement). The long-term linear trend just took a rather harsh hit as the price dipped below the support around 58K and subsequently plummeted to around 51.5K USD. However, this doesn't look like the bull market is done just yet. Whenever I see a dip without a flash crash from the beginning uptrend, I tend to look to the logarithmic chart for what trends to observe (NOTE: the current crash was to the 61.8% Fibonacci for the dip since 43K and around 23.6% Fibonacci of the dip since 29K). Additionally, the current logarithmic trend looks to have started fairly earlier and more conclusively than the linear trend, so I feel it can be better trusted for longer-term trend expectations. From the daily logarithmic chart, the uptrend definitely looks to be continuing (as indicated by the yellow trend line which I drew quite some time ago which some may have seen sneak into some of my previous charts), but one can definitely see there is a bit more possible dip to occur (to near around 47K, which is around the 38.2% Fibonacci level since the 29K dip). I anticipate this level is likely to occur with the current downtrend, but not necessarily after some retracement occurs (and potentially propelling a few alts back upward slightly in the short term). Hence I am currently keeping an eye on the long-term daily upward support to see if it continues to hold. If it does, a retracement like that which is currently occurring definitely has the potential to be a healthy retreat before a longer uptrend within the next year. However, if support falters, it can definitely lead to a year(s) long reversal. Either way, the aforementioned levels seem to be some key points for which to watch out in the short-term to determine the rest of the long-term trend. Please like if you agree or leave a comment if you see some different trends/concerns that I am missing as I would love to hear your thoughts!
BITSTAMP:BTCUSD
by crypto_trends
1