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BTCUSD CHART ANALYSIS ON MID & HIGHER TIMEFRAMES! Firstly, on bitcoin note the bullish Cup & Handle pattern that sure has been in formation for a long time. On the 1HR & 4HR charts price is getting support on the 200 EMA & 50 EMA respectively. Ideally on the 1HR chart we want the 200 EMA to form underneath the 50 EMA. Digressing a bit, my feeling is that next week precious metals like Gold will not perform as well as they have this week. Gold in particular is overextended and overbought on the higher timeframe Stochastics. Silver to a lesser extent which will still shine over Gold in the short term. Notwithstanding, the Gold price will go through the roof next month when the USA finally moves on reducing interest rates which is almost a certainty IMO. I think that the recent blunt price action in Bitcoin as the focus has been on Gold the last couple of weeks, it could be a bullish run for Bitcoin coming up from this Monday. The 1HR chart looks very bullish to me.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Some Hopium for 2024 Cycle, Lets See How Well This Ages For FunComparing the 2 previous bull run cycles to the now current cycle using approximate scaling to compensate of overall size of each run. Notice the moving averages are relatively similar, also RSI, Stochastic and Aroon Indicators are in the same ballpark when considering scaling time for the higher capital size/price. Like most I felt we were further into the cycle but did consider the possibility if we were to drop and break the local parabolic curve we could just be setting up for a longer and larger bull cycle, especially since we had such an early start this time. Good hopium I suppose, and will see how good or bad this ages, will see if that scaling the chart will show some truth to my hypothesis, I am publishing this right after today's closing loss of the 200 MA on the Daily timeframe.
CRYPTO:BTCUSD
by SammyCasket
Advantages of Using Logarithmic Scale and when to use itThe financial markets are constantly evolving, and as such, traders and analysts need to stay ahead of the curve. One tool that has proven to be invaluable in financial analysis is the logarithmic scale. In this detailed guide, we will explore the logarithmic scale in financial analysis and its various applications in technical indicators. 1. The Logarithmic Scale: Definition and Purpose The logarithmic scale represents data on a chart by plotting the value's logarithm, rather than the value itself. This representation can better visualize exponential growth or decay and provide a more accurate depiction of price trends in markets that experience large price changes. 2. Advantages of Using Logarithmic Scale a. Better visualization of percentage changes: The logarithmic scale provides a better visualization of percentage changes in assets. This is because the scale compresses the larger movements and stretches the smaller ones. As such, traders can better analyze the percentage movements in an asset and make informed decisions. b. Equal treatment of percentage movements: The logarithmic scale treats percentage movements equally, regardless of the asset's price. This is important because it allows traders to compare assets with different price ranges, which would not be possible using a linear scale. c. More accurate representation of long-term trends: The logarithmic scale provides a more accurate representation of long-term trends in assets. This is because it takes into account the compounding effect of percentage changes over time, which is not possible with a linear scale. 3. When to Use Logarithmic Scale a. Analyzing stocks with significant price movements: Stocks that experience significant price movements are better analyzed using a logarithmic scale. This is because the scale provides a more accurate depiction of percentage changes in the stock's price. b. Evaluating historical data over extended periods: Historical data that spans an extended period is better analyzed using a logarithmic scale. This is because the scale provides a more accurate representation of the compounding effect of percentage changes over time. c. Comparing assets with different price ranges: Assets with different price ranges are better compared using a logarithmic scale. This is because the scale treats percentage movements equally, regardless of the asset's price. 4. Logarithmic Scale in Technical Indicators Incorporating logarithmic scale in technical indicators can help improve their accuracy and usability. One such example is the "Logarithmic Trend Channel" indicator, which has been adapted to work effectively on logarithmic charts. 5. How the Logarithmic Trend Channel Indicator Works The Logarithmic Trend Channel indicator is a modified version of the built-in "linear regression" script from Tradingview. The code plots the linear regression on a logarithmic chart, providing a more accurate representation of the trend when price movements are substantial. The indicator also provides options for different deviation levels, which can be adjusted according to the user's preference. 6. Applications: a. Identifying trends in assets with exponential growth or decay: The Logarithmic Trend Channel indicator can be used to identify trends in assets with exponential growth or decay. This is because the indicator provides a more accurate representation of the trend when price movements are substantial. b. Analyzing long-term price movements: The Logarithmic Trend Channel indicator can be used to analyze long-term price movements in assets. This is because the indicator takes into account the compounding effect of percentage changes over time, which is not possible with a linear scale. c. Setting support and resistance levels based on percentage changes: The Logarithmic Trend Channel indicator can be used to set support and resistance levels based on percentage changes. This is because the indicator provides a more accurate representation of percentage movements in the asset's price. Conclusion: The logarithmic scale is a powerful tool in financial analysis, providing a more accurate representation of price trends and movements, especially for assets with significant price changes. By incorporating the log scale into technical indicators, such as the Logarithmic Trend Channel, traders can better analyze market trends and make informed decisions.
NASDAQ:AAPLEducation
by Julien_Eche
price=time (NOTE: this looks wrong til u expand scale on right)YOU HAVE TO EXPAND THE SCALE ON THE RIGHT TO MAKE THE CHART/RESISTANCE LOOK THE WAY IT'S SUPPOSED TO...@Tradingview continues to be weird with spirals/circles...they shift from where they are when i publish the chart, when i post the chart...when you play with the scale, expand and/or pinch, the shapes should automatically revert to where i drew them, with my locked scale) anyway...have you met the 2.236? aka the square root of 5? it's kind of a big deallll spiral is time between those bottoms and fit visually (vertical lines tangent to spiral seem to call reversal points but that's another story for another time..."too many notes" ) bounced off 6.854 (1.618 ^ 4) spiral of time between macro tops, see update on this idea
INDEX:BTCUSD
by FinanciallyCodependently
pi in the skyfib "circles" made from tops & moved to big 2021 summer bottom phi & pi and harmonics, square roots, integers multiplying/dividing by 10 as well...wonder if that's independent of scale (would make sense if your scale is 10:1 or 100:1 or whatever) i generally use 100:1 on the daily and 1000:1 on the weekly for leftbrain reasons but always wondering if the secret sauce is just finding the right scale on the right TF (427:1 or 232348971.34738920:100 or something...looking at the chart thru the cycle as a lens to find points of resonance...frequency...harmony...i think this is what Gann means by squaring the chart but i have not read him yet) fresh air and sunshine maxi this week
INDEX:BTCUSD
by FinanciallyCodependently
3
the devil is in the details (lines tangent to circles)my last idea was playing with price action dancing along the arcs of the circles created from time and its multiples and placed to recent bottoms here i'm looking at drawing horizontal lines tangent to the circles...aka at the bottom-most point of the circle aka where a move of the same "distance" (considering price chart as a unitless chart, like a math problem) has the lowest price aka the limit and drew the lines much thinner bc vision is the price we pay for precision (idk why the lines look tangent until i publish, then there's an offset? @TradingView?) here we are at the 4.236 or 4.618ish which as the TV default fib settings will tell you are important levels (1.618 ^ 3 or that plus .382) ongoing questions: 1. arcs vs horizontal tangents vs sloped tangents, or some combination of these, each having a specific meaning (what are these meanings) 2. placement: best-fit? first two bottoms? two most recent bottoms? first and last bottoms? 3. time projection using same method (but from price instead of time)...do the same circles/vertical tangent lines call time of reversals? i'm guessing different circles, unless you find the random scale that works for both, aka not like here where i've been doing whatever neat multiple or factor of 10 looks best (1:100, 1:1000, 1:0.1 etc) because that is easiest to conceptualize with leftbrain...it would be whatever scale makes the move look the most square. this would vary according to TF as well. this is what i mean when i say pricetime but i'm guessing this would be messy and not constant (perhaps being affected by position of observer aka scale, like a camera flying around a chart)...like a funhouse mirror wen class on perspective drawing michael s jenkins bradley f cowan shapes = leading indicator don't hate; hydrate
INDEX:BTCUSD
by FinanciallyCodependently
I was today years old..Did you know when you have one or many indicators on your charts and whilst trying to zoom in or out the chart using the mouse the indicators take up half or even more of screen realestate especially in case of pivot lines indicator?? Well there is a solution to all this madness so that you can zoom in and out of price chart only and IGNORE all indicators on your screen's realestate. Here's how to do it: 0. Keep all your indicators ON on the chart 1. Right-click on the price scale 2. Select "Scale Price Chart only" 3. You'll thank me later ;) Cheer's 🍻
NYSE:BAEducation
by KushC
1
UPDATE: USDCAD [D] Technical Analysis & Top-Down [BUY] [190122] Good Afternoon people... Hope you all had a good weekend Here is an update for the recently posted USDCAD Technical Analysis ... The Buy-Order was triggered @50% FIB of the Pin-Bar Currently trading @1.260 zone - This being my initial target for a 2:1 profit. This being marked out on the updated chart as a relatively new resistance level. With a Daily close above this - I will be looking for a re=test as Support and to scale-in. So, a shift of the stop to break-even and the addition of further risk to capitalise on the current profits. Although, this is just an idea and something I always look for when possible. There are PMI USD News/Data releases @14.25 - A possible Banana Skin :/ Further updates to come... Thanks for tuning in people and the likes are much appreciated.
Long
by fxhole_
Crypto NotesHi traders! I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto notes that have helped me to navigate in Cryptoverse. Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs. Being early is a great advantage in Crypto If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH) and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends) can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price. When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance. I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong. Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow me to deal with volatile price swings more easily. I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies. Just find out what style suits you best. Scale In & Scale Out As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that general market structure has not changed. I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after selloffs or fund new early stage projects. This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ... It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling with one trade. Liquidity Planning Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible. For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply because I did not led my cash flows. I thought that I just 'flow' and find money when opportunities lie in front of me. Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good opportunities. People tend to forget that and only focus on risks. If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :) Thank you and enjoy your trading :)
Education
by Laurentsius
4
Polygon (MATIC) About To Set New All Time HighsPolygon (MATIC) has been on a nice steady uptrend and doesn't show much signs of slowing down. Matic has continued to set higher lows and higher highs. Fundamentally there's a lot of positive momentum and sentiment in Matic considering their utility when it comes to NFTs, Ethereum Scaling, ZK rollup technology, metaverse, and gaming. These are all strong narratives that will continue to grow through out 2022. As of right low local support is at $2.40 -$2.50. A lot of accumulation happening around $1.85 - $2.00.
COINBASE:MATICUSDLong
by peacefuljustin
How To Square Scale Lock Chart For Gann ToolsPlease comment with additional suggestions or feedback if you are experienced with using advanced Gann squared methods. The squaring of price and time was one of the most important and valuable discoveries that Gann ever made. In his trading course he stated “if you stick strictly to the rule, and always watch when price is squared by time, or when time and price come together, you will be able to forecast the important changes in trend with greater accuracy.” The squaring of price with time means an equal number of points up or down, balancing an equal number of time periods. By illustrating angles inside a range, the trader can visualize how the range has been squared.
BYBIT:ETHUSD.P
by EsotericTrading
17
Issue with tradingviews lock scale feature/functionIssue with tradingviews lock scale feature/function. the video shows it all. this issue happens randomly. I submitted a ticket also. this video is for tradingview staff Detail text in video: Hi!, this video is for tradingview. This video demonstrates the issues I have been having with the "Scale" setting. For some reason the chart will lose its ability to hold or lock scale. If you zoom in and out (thinking the scale is locked, as it shows its locked). This is a bug in tradingview, it does not always behave this way. This issue occurs randomly, im not sure what it causing it. Please, tradingview could you look at this? Also, I have also noticed that changing from dark to light themes causes a issue with the scale coming unlocked. Thats pretty repeatable.. That is not this issue. This issue is random and very annoying. You have to close the program/browser to fix it. Its been doing this this since I subscribed.. At first I thought it was my error, but it is not. When you chart everything out and then the scale gets all messed up and you have to take the time to rescale everything, it gets a bit old after the 100th time..
by Jstarone
6
Is the logarithmic scale of the Tradingview really logarithmic?I've been looking for the correct equation for a straight line on Semi-logarithmic scale for some time. The base equation is as follows: log y = mx + log k m = slope of line = (log y1 - log y0) / (x1 - x0) k = y-intercept: value of y where line crosses the x = 0 axis While this equation is absolutely correct, the result of plotting it on logarithmic scale was a curve. Then I realized that apparently in the price < 0.001 range, the logarithmic chart of Tradingview is not working logarithmically! I am so confused. Does anyone know the cause? What is the equation corresponding to the chart scale? Please help if you can.
Education
by BobRivera990
3
Weekly Trade Recaps: CADJPY, AUDNZD, LTCUSD December 27 2020 Hello everyone: Merry Christmas and Happy New Year. Last week was somewhat quiet as we had Christmas holiday going into the weekend. Quick going over my current positions from last week, did enter a scale in position, and that was it. There was 1 miss trade that I did not take. CADJPY - First trade running about 2%. SL at 1:1 RR. Second trade scaled in. AUDNZD - Running about 4% in profit. Set my SL at 3:1 RR. Happy to see the trade goes either way, either hit my SL or continue higher and break previous highs. Then I would look for continuation correction to scale in. LTCUSD - Missed trade. Did like the overall price action, but did not have the chance to enter. Any questions, comments or feedback please let me know. Thank you Jojo
by jojofang0901
11