EDUCATION: Logarithm Growth Curve
Hello, dear subscribers!
Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis.
The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods).
The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts.
Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels.
DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis.
The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods).
The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts.
Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels.
DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.