Oct 01, · Prominent Bitcoin and cryptocurrency analyst Willy Woo recently shared a logarithmic price chart of Bitcoin created by a technical analyst known as Awe and Wonder that suggests the dominant cryptocurrency is on track towards gradual recovery.. The chart, which dates back to , evaluates the logarithmic regression of Bitcoin, covering three 80 percent corrections the asset . Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Indicator Overview. Coming Soon. Created By. Cole Garner and @quantadelic. Inspired by the work of Harold Christopher Burger. Date Created. December Fall Further Down The Rabbit Hole Check out this thread by Cole Garner on Twitter Inspired by this article from Harold Christopher Burger: Bitcoin's natural long-term power corridor of growth.
Bitcoin price chart logarithmicBitcoincharts | Charts
Bitcoin, especially, shows the difference between the two chart scales. Bitcoin is actually a perfect example of an instrument that benefits the most from a logarithmic scaled chart. We can see that the logarithmic scale is not only much easier to draw a trend line against for the entire price history on this chart, but it provides a very easy to identify support zone for the present trading conditions.
Thanks for subscribing to the Coin Clarity Newsletter! Please check your email for further instructions. Save my name, email, and website in this browser for the next time I comment.
Logarithmic chart of Bitcoin. Jonathan Morgan. In this article: Bitcoin. Likewise a chance of a leg up to wipe out degen short traders is We waited and waited and ended with no retrace after all. As I mentioned before, all the retraces and corrections for Bitcoin have been non-existent in the past few months There is no difference this time around. We continue with our next targets. Thanks a lot for reading. Hello everyone, this is Rich, I promise to keep sharing original content here on TradingView.
My Second Home! If you like my trading style, do not forget to follow me for more. Best of luck! It seems like it is currently forming a bullish flag consolidation pattern.
Let's see if the price can pullback to test the level once more to complete the pattern. A next leg higher is expected after the consolidation phase is done! Disclaimer: These are not trading signals. Trade at your own risk! Videos only. Simply a Brief Discussion to Provide an Announcement Elliot Waves Complete Guide Chapter 3. Bitcoin, Jumps Above Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
After signing off on an action-packed year, Polkadot is gearing up for an even more eventful New DeFi entrant? Ethereum 2. Trending News. Israel Turkey U. Canada U. Africa Australia Venezuela. Close Window Trending Coins Dogecoin. YAM v3. Basis Cash. MITH Cash. Synthetix Network Token. Companies Stellar Development Foundation. Parity Technologies. Grayscale Investments. Goldman Sachs.