🚨🚀💩Which Scenario Seems More Likely For $BTC?#Bitcoin has been following the same regression curve since its conception. If it's to be believed that this curve will truly last forever, then #Bitcoin will also just be hurling towards its inevitable death spiral down to zero. While there are probably a select amount of people that still think this is possible, I personally don't subscribe to that theory. This means that $BTC will have to break out of this curve. If that happens, the highly sought after "S-curve" may occur, bringing on some very extreme, exponential growth for the price. The dotted, upwards-trending curve shows the possible price support that may shift this curve to invert the regression. An accurate bounce off of this yellow curve may just signal the inversion of the curve.
**This is all my own personal opinion, based on chart data. This is not financial advice.**
LOGARITHMIC
ETHUSD - 1k is on the way!!COINBASE:ETHUSD has seen more selling pressure and hasnt has a bounce yet.
We are approaching the LOG ABCD target around 1500. This could provide some buying to get the bounce but ultimatly will give way to more selling.
Looking at the AI for the year we can expect a low somewhere around SEPT/OCT.
This is where it can be down around the 1k level and another major 78% retracement.
I will post the log chart after.
Interesting couple of months ahead.
I hope this helps. Enjoy the trade.
LOGARITHMIC INDICATORS bull vs bear Bearish case:
- If 69k was our 5th and final wave, RSI failed to make a HH which is typical of a weak final 5th Elliot Wave. Price made a new high and RSI made a bearish divergence.
- Weak volume with next to no strength in flow of the move
Bullish case:
- Given EW theory, the 3rd wave should have significant volume and the 5th should display a clear decline in volume after the 3rd wave. So if 69k was the top 5th wave, we did not see this in volume, rather we saw a constant 'resistance' in volume with no real significant decline
- RSI did not have as sharp and aggressive decline after our "peak," like we saw in 2018. A much slower downward trend with not a lot of confidence, now reaching bear market historical lows
- OBV had next to no peak like we saw in 2018, and though recently it's flat-lined it is still technically making HH's and HL's (this is displayed on multiple exchanges)
When volume dies out, it usually precedes a significant move, I've said this before in my other posts. I'd like to see a clear decision down or up that would kick-start our next run up with strong spike in volume.
I've taken this info from multiple exchanges, not just this one you see above.
In the end, Bulls and Bears can both be right and still profit together, just depends the timing of it and the side you are on at the time of the move.
Right now is the time to be objective and not marry your bias.
V
ETH LOGARTHIMIC CHART eth all data in 1 chart. made this too see where we are gonna bottom this bear season. this along with other eth charts supports the bottom to be around 320-305, though if we see a capitulation candle we see bttc around 9.3 and eth around 225-150. please take a look on other charts before seeing this
long term logarithmic growth fan pattern horizontal supportthe gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging out. if 2050 breaks it could go as low as 1785 but its much more likely we see a monthly bounce soon.
This is my most trusted risk metric. Time to buy.This is the log difference from the price to the 20 week moving average. Has always been a great top and bottom indicator so far and we're currently at 9% risk. We won't be going that much lower so I would recommend to start accumulating at these levels.
BTCUSD/SPX - Bullish Falling WedgePotential bullish wedge.
Could not hold the blue scenario.
On lower timeframe a bearish retest and we will continue to drop more?
Keep in mind this is a log chart.
(Maybe we will climb up again and the UST/LUNA scenario was a type of black swan event causing this in the first place, this chart shows how btc outperforms the stock market. With an enormous influx of negative news we could see this as some sort of black swan event.)
If stocks drop even more what will happen to bitcoin? In the past not seen before thats why we might see some type of bullish wedge of people dumping their bitcoin to secure more fiat. Longterm Bitcoin always outperformed greatly overall.
The downside of logarithmic charts! (btc)Sometimes you come across a chart that triggers me immediately, its a logarithmic chart. Bitcoin will be in a few years about $500k or something like that.
But the rise of Bitcoin is in a different stage. Percentages of 11,000% up in a bull run were normal, but this is a thing of the past. The market cap has risen sharply and this leads to lower rises in the future. There is also only a limited demand for Bitcoin. So you should not be distracted by such logarithmic charts and think that Bitcoin is trading around $300k.
Due to these circumstances, I believe Bitcoin is bottoming around 15k and will not trade above 100k until around 2025. The coming weeks/months will determine the future of Bitcoin in the coming years; are we bouncing hard here or falling through the 30k.
ICX/ETH - Long-term falling wedgeHello my dear friends, here I am again. Like promised, here is the longer term outlook on the ICX/ETH pair. As u can see, we are situated in one of the biggest falling wedges I have ever seen, dating back to 2018!!! U can see the paths this pair will take when one of the trend lines breaks. In my opinion, because a falling wedge is a bullish pattern, it will more likely break to the upside rather than to the downside. I estimate the chance for a bullish outbreak to be 80-90 percent. But if it breaks the support we can see a very sharp move to the green box marked in the picture. However, when we break to the upside, I expect massive movements for the ICX/ETH and even the ICX/USDT pair. When it breaks out it can take 2 paths. One path indicates a fast break of the blue target of the falling wedge and going further parabolic. The other path indicates a far weaker move, meaning the pair will get hindered by the target area and drop to the previous marked support and consolidate for some time before moving up again. Both are equally probable in my opinion so watch out for that. A break to the upside would mean that ICX is ready for a new all time high for the ICX/USDT pair, as I think ETH will stay strong in the meantime. That's it for today, any comments would be helpful, thanks.
BLX Analitics 0.02BTC on a macro scale (weekly logarithmic)
Seems to have found, by stretching its cycles over time, an interesting new resistance in its bull markets.
It seems that the 100MA on this chart is beginning to take on real relevance as these cycles have stretched out.
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BTC en escala macro (semanal logarítmica)
Parce haber encontrado mediante el estiramiento de sus ciclos con el paso del tiempo, una nueva resistencia interesante en sus mercados alcistas.
Parece que la 100MA de este gráfico empieza a tomar verdadera relevancia al haber estirado estos cilcos.
Le prestaremos más ojo como soporte y resistencia para las nuevas formaciones del gráfico,
las mayores escalas siempre descifran las verdaderas intenciones y fuerzas de un mercado.
Understand Commodity Price Speculation using a logarithmic scaleThere are two main reasons to use logarithmic scales in charts and graphs.
The first is to respond to skewness towards large values, cases in which one or a few points are much larger than the bulk of the data.
The second is to show percent change or multiplicative factors.
The fib channel you'll want to keepTake the 2019 low and high as well as the late 2020 lows (not the covid drop) and you'll get this amazingly well-respected fib channel. Particularly the weekly chart's candle closes and wicks line up more often than not using your standard fib numbers. Happy trading! Note: this is on log scale
BTCUSD Weekly Bear Flag!Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in.
With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play.
Noted there is some strong Support to break and hold BUT as former ATH (20k region) has yet to be retested since it broke in DEC 2020 and LT trend has been untested since MAR 2020 I feel it is a great target if Range & Former Support is broken.
RSI is rallying off Short Term uptrend but if this breaks then the last sign of momentum support is off the 42.00 region as this has proved pivotal in years past.
If the current range holds and the Bear Flag is to fail then I am looking for another rally within Weekly Range back towards ATH and Upper Range Resistance. RSI will break above the 50.00 Midway and break its LT Downtrend.
Descision time is close IMO. What are your thoughts on the LOG Scale?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BTCUSD Price Sitting on Bottom of Swing-Low Trend Line BUYThis is one of the best buys I think I've ever published; price action over the last 3 months wicked down to the red line we see here and quickly bounced; good support at this zone; going up 3k a month from here on out; at least that's my prediction.
Does it break this log scale chart?
My fundamental of economics doesn't suggest that it will until there is not exponential fiat currencies in circulation.
Mass adoption will be accelerated when 10% of crypto market cap is 25 trillion and half the worlds' wealth is equal to 250 trillion dollars. We still have 100x to go from here before it breaks this log chart.
$100K Price Target / Log Chart for BTCBitcoin goes through multi-year bullish cycles on the logarithmic chart before returning to its long-term support.
According to the chart, we can assume Bitcoin will reach $100K by late 2023 if the trendline continues.
It also appears that there is a bullish divergence, with price continuing to trend upwards while the MACD seems to be printing a new bottom and beginning to curl up again. This typically signals that a huge upwards move in price and momentum is expected.
NFA, just my opinion.
IoTeX - To the moon ? - based on log chart channelEverything is in the chart...
Disclaimers:
!! This is not an investment advice and you shouldn't follow this setup !!
!! Never invest/trade with more money than you can afford to loose !!
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BITCOIN (BTC) DAILY POST (1/2) - LOG CYCLE (REPOST)
This is a repost of my previous post that got taken down because I was "not respecting the house rules" - sorry for the inconvenience caused.
See for yourself if my scenarios worked out !
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- based on cycle and log spike support/resistance lines
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$BTC.X worst case scenarios 😬$BTC.X worst case scenarios
Some of you know that I like to go deep... 😬
Look… I’m not saying that Bitcoin will get all the way down there… BUT this is the logarithmic channel and that’s the trendline in blue. I'm just reading the technicals.
Make your own assumptions here, but I know that if this were to play out I’d be ready.
The purple 180EMA has also been a consistent support so I would be watching there as well.
I still have an open buy order at 32000.
And 30374 is support.
GL and I’d love to hear your thoughts here…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
( •_•)
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Bitcoin at FIB support on Log Growth CurvesBitcoin at 14.59%-FIB support on Log Growth Curves - green line
This level was more resistance as support in the past - if we break through it might get hard to recapture.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing