zoom out bro
inspired by spoofyy
...it's easy to look at the log rainbow and think uponly.
***NOTE: you can't lock chart when in log mode...so you'll have to play with the price scale (squeeze and stretch) til the spiral fits the tops like it did when i posted it***
but when you account for bitty topping out at lower and lower fib levels within the rainbow...you can see potential decay in the trend.
obviously we could just be in a lull and could hit $1000000 in ten years (hello hyperinflation)
but i wanted to visualize decay bc i genuinely think the log rainbow's uponly blinds me
log rainbow script: tradingview.com/v/df57YEkg/
then made double curves and visually fit them
spiral made from '11 bull market (bottom back to top diagonally) and fit to tops
i'm wary of using spirals on log charts but they seem to work a lot of the time? ... maybe bc "this is the life we have chosen" (hyperactive exponential growth)
...it's easy to look at the log rainbow and think uponly.
***NOTE: you can't lock chart when in log mode...so you'll have to play with the price scale (squeeze and stretch) til the spiral fits the tops like it did when i posted it***
but when you account for bitty topping out at lower and lower fib levels within the rainbow...you can see potential decay in the trend.
obviously we could just be in a lull and could hit $1000000 in ten years (hello hyperinflation)
but i wanted to visualize decay bc i genuinely think the log rainbow's uponly blinds me
log rainbow script: tradingview.com/v/df57YEkg/
then made double curves and visually fit them
spiral made from '11 bull market (bottom back to top diagonally) and fit to tops
i'm wary of using spirals on log charts but they seem to work a lot of the time? ... maybe bc "this is the life we have chosen" (hyperactive exponential growth)
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