Bitcoin and crypto trading tips #1 - Trendlines and logarithmic
Hi
Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline.
It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they begin a downtrend. However using the logarithmic for trendlines view can often give a better idea of where the price is likely to return to. The price will often never return to a trendline drawn using the non-logarithmic scale if the trend is a very healthy crypto trend.
If anyone has any further thoughts or disagreements about this I'd interested in hearing them.
Cheers,
Mark
Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline.
It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they begin a downtrend. However using the logarithmic for trendlines view can often give a better idea of where the price is likely to return to. The price will often never return to a trendline drawn using the non-logarithmic scale if the trend is a very healthy crypto trend.
If anyone has any further thoughts or disagreements about this I'd interested in hearing them.
Cheers,
Mark
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