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LOGARITHMIC

NVDA: Early Bears Punished by Devious WhipsawPrimary Chart: Two Downward Trendlines, Fibonacci Levels, Major Resistance Zone and Anchored VWAP from October 13 Low Early bears jumping in to short NVDA last week were punished when NVDA's apparent breakdown failed. NVDA broke decisively below key Fibonacci support as well as an upward TL off the YTD lows from mid-October 2022. But then this breakdown utterly failed with price moving right back up above the TL and into the parallel channel off the YTD lows. Price also reclaimed that key Fibonacci level at $134.85 (the .382 retracement shown as a purple line). Now price remains squarely within the parallel channel, but on Friday last week, it rallied smack into resistance at the August 4, 2022, VWAP (orange). This VWAP lies at $141.78. Price may pull back from this level a bit even if later it wants to push a bit higher before starting the next leg downward. SquishTrade monitors the $145.87 to $150.67 range as a key resistance level where NVDA's bear rally could ultimately fail. No one can predict the future, so it's important to stay open minded to probabilities rather than remaining married to a viewpoint such as a rigid bearish or bullish argument. Markets love to destroy well-supported but overly rigid viewpoints. In short, the probability of the downtrend resuming continues to increase as NVDA rises higher. The downtrend line and pink resistance zone ($145-$151) marks a key spot where the probabilities for a downward move seem better as long as risk is managed with with a tight stop above this key level. SquishTrade recommends continuing to watch DXY and interest rates as this market remains challenging and tricky. A more conservative approach may be to wait for confirmation rather than getting bearish right at major resistance. The reason for this approach is that one never knows when a bear rally will end, and markets love to whipsaw before starting their real trend move, and this is true especially this year. Some may see a break above the down TL from March 29, 2022 (light blue TL). The linear chart below shows this TL as having been violated to the upside. But keep in mind that the Primary Chart which is logarithmic shows that this TL has not been touched yet since August 2022. The chart below shows the linear chart's version of the TL break. But on both linear and log charts, the longer-term down TL (gold) has not been broken, and that lies significantly overhead. Supplementary Chart: Linear Chart Showing TL Break SquishTrade has been watching NVDA for a short setup, and will continue to monitor how price responds to some key resistance levels. SquishTrade prefers not to consider shorts before earnings. Sure, this may result in missing the move as with AMZN, GOOGL, META, MSFT in recent weeks. But it also may mean missing the complete annihilation of a position as with bears on AAPL or bulls on GOOGL and AMZN around earnings reports in recent days. And with CPI in the US being released this week (November 10, 2022)—and CPI reports have almost started becoming like FOMC days in terms of volatility in equity markets—and with midterm elections on Tuesday, markets could wipe out a fair number of poorly positioned bears and bulls alike this week. Caution is recommended. Wait for the best setups, the right setups for your trading strategy and approach. And remember, there will always be more setups, so don't let FOMO cloud judgment. Bears can get the same degree of FOMO as the most optimistic bulls. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:NVDAShort
by SquishTrade
15
#BTC - Technical' s are saying bottom#BTC - Technical' s are saying bottom Let's ignore the world burning at for a minute and look at the pure BTC technical' s. A lot of people look to Plan B's - Stock To Flow. We look to TheBlockDoc's BTC Growth Curve. Why because it takes a combination of factors into consideration to determine this logarithmic curve (If you want to learn more then join Labs!). This is our Top/Bottom Indicator. A couple of extremely significant signals have popped up we have now challenged the bottom percentile (This basically means BTC has spent less than 0.01% of its time in this area) occuring only once per the past 3 halvings - the other key indicator here is the Inverse Pi Cycle bottom has been trigger 126 days ago waiting for the reversal to come previously there has been a 146 day and a 260 day wait for this reversal. What are we saying? Based on the Growth curve we are preparing for the reversal.
INDEX:BTCUSDLong
by Kryptochristian
9
BTC's Logarithmic TL vs. Linear TL: Vote Now!Primary Chart: BTC's Logarithmic Trendline from the All-Time High to the Present Date BTCUSD's current down trendline reflecting the primary trend can be drawn on either a logarithmic or linear chart. Both charts are used in technical analysis. Logarithmic charts tend to be better at conveying accurate proportions of price action on charts covering a lengthy period of time and a broad span of price action. In the case of BTC, why does it matter? Look at the down trendline drawn on a linear chart (Supplementary Chart below) connecting the same all-time high in November 2021 and the March 28-April 5, 2022 peaks. Notice the breakout? Supplementary Chart: BTC's Linear Trendline from the All-Time High to Present Date Other evidence suggests that the downtrend is not over yet and new lows are likely. But the choppy and trap-filled price action since June 2022 has made it difficult for any directional traders long or short. Care to vote in the comments? It's probably true that each vote reflects the conclusions each of us has reached, and our general market expectations. My vote is that the logarithmic chart is the better TL. But my posts have remained fairly bearish this year, so this may reflect my underlying expectation that no new uptrend is being established in crypto assets despite any sharp bear rallies in the near term. Here are some of the technical reasons (in prior posts linked below) for remaining bearish. But for each of these reasons, there may be other keen technical or fundamental arguments being made for why the lows are very near. Bearish arguments in prior posts: Have a great trading week! ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
Short
by SquishTrade
19
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
AAPL's Four-Month Triangle May Be BreakingPrimary Chart: AAPL's Four-Month Triangle with Various Trendlines and VWAPs SUMMARY: AAPL's longer-term charts show a symmetrical triangle arising from the convergence of a down trendline from January 2022 (dark blue) and an up trendline from March 2020 lows (also dark blue). This triangle appears to be in the process of breaking on arithmetic charts. When considering that long-term trendlines don't break easily, price may retest or whipsaw above and below this long-term up trendline (from March 2020 lows) two or more times before the line can finally break decisively. The first major level of importance below this 2020-2022 up trendline is the VWAP anchored to the 2020 lows. This VWAP lies at approximately 127.61 today. On a logarithmic chart , this VWAP coincides with a longer-term up trendline in the coming 2-4 months (see Supplementary Chart B below). This is probably the most conservative downside target if the bear market continues to pressure prices lower. Another anchored VWAP from the January 2019 lows is approximately at 102.45. This level coincides with the .618 retracement of the 2020-2022 rally starting at the Covid lows, which equals 102.71. See Primary Chart. But before discussing these levels around $102-$103, price must first break through the .50 retracement of its 2.5-year rally from March 2020 to January 2022. The .50 retracement lies at $118.02 . Another long-term up trendline from the January 2019 low appears on the Primary Chart in light blue. This even longer-term trendline coincides with the .618 retracement of the 2020-2022 rally off the Covid lows and the VWAP anchored to the January 2019 low. If this long-term trendline is tested next year in January or February, it would be about $102-$103, the same level as the VWAP from the January 2019 low and the .618 retracement of the 2020-2022 rally—where the yellow circle appears on the Primary Chart. Could this be where AAPL puts in a lasting bottom at 102-103? This analysis will briefly cover some of the broader and longer-term levels for AAPL. If the downtrend continues as it has, and the macroeconomic and interest-rate environment remains challenging for equities, AAPL may reach the levels identified. AAPL's four-month triangle has formed from the convergence of two trendlines: (1) a downward-sloping trendline from its all-time high to the present (dark blue) and (2) an upward-sloping trendline from the pandemic-crash low in March 2020 to the present (also dark blue). On an arithmetic chart, AAPL appears to have violated this multi-year upward trendline in recent days with a couple closes below the line. One interesting perspective on the 2020-2022 trendline appears on a logarithmic chart. AAPL has shown a more decisive break of this 2020-2022 up trendline, which appears as an orange line on this Supplementary Chart below: Supplementary Chart A: Logarithmic Chart with Upward Trendlines from March 2020 low and January 2019 Low But when multi-month triangles like this break, and when multi-year trendlines like this break, it should be expected this could be a process rather than a quick event, assuming the trendline is valid. In part, this is because multi-year trendlines and multi-month triangles do not break and dissipate easily. The lower trendline of the triangle pattern is a multi-year trendline from the Covid lows to the present. Price does not always just break right through such an important level. On occasion, it can slice right through a level deemed consequential and long-term. But often when encountering a very important longer-term level, price can tag it, then break it repeatedly in both directions, whipsawing above and below the line a few times before following the ultimate direction it will take. Or it can break the line and then retest it from underneath a couple times as well. Levels of importance below this trendline are the VWAP anchored to the March 2020 low. The anchored VWAP from this 2020 lows is shown in light red. Currently, that VWAP lies at $127.61, but this can change over time due to the dynamic nature of VWAP calculations. Because it is longer-term, it shouldn't change too dramatically in the coming days or weeks unless a very sizeable rally or crash takes place. Another longer-term anchored VWAP from the January 2019 lows is approximately at 102.45. This level currently coincides with the .618 retracement of the 2020-2022 rally starting at the Covid lows, which lies at 102.71. See Primary Chart. But before discussing this 2019 anchored VWAP and .618 retracement around $102, price must first break through the .50 retracement of its rally from March 2020 to January 2022. The .50 retracement lies at $118.02 . Another even longer-term trendline can be drawn from the January 2019 low to the present. This trendline intersects with the .618 retracement early next year in January to February 2023 (see the yellow circle on the Primary Chart). This level also coincides with the approximate location of the 2019 anchored VWAP (dark purple)—the current trajectory of this 2019 anchored VWAP looks as if it may run near or through the yellow circle in the next 3-5 months. Ultimately, this is not intended to be a bold, heroic prediction that AAPL will certaintly reach $127, $118, or $102. If the downtrend structure continues to remain intact, and rallies get sold, then these are viable targets. In short, this is just a technical overview showing that these levels are higher probability targets that could likely be reached if AAPL continues the path of least resistance lower. Lastly, consider the March 2020 anchored VWAPs discussed in this post and its relationship to the same trendlines discussed except drawn on a logarithmic chart. The 2019-2022 trendline (light blue) coincides with the March 2020 anchored VWAP (or nearly does). This level will be about $127-$130 in 1-3 months. So perhaps this can be both a conservative target or a more intermediate term low in this bear. Supplementary Chart B: Anchored VWAPs Position Relative to Logarithmic Trendlines
NASDAQ:AAPLShort
by SquishTrade
5
DJI (1897 to 2022) log channel reality checkCharting all possible events is useful, however unlikely they may be. Logarithmic channel drawn from 1897. Overshoot in 1929 and symmetrical undershoot 1932. Throw-over and rejection 1987. DJI entered hyperlogarithmic growth post-1995. Bounce off channel top trendline 2009. Maximum downside from 2022 high (symmetrical undershoot): -90% loss - In "no bail-outs" scenario á la Great Depression. Validity of analysis: These are straight lines roughly drawn for 120 years of data from an arbitrary cutoff point, what do you think? Probability of risk: Unknown to uncategorizable.
TVC:DJI
by Smitty61
Jumping S-curvesIn this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump . First, let's begin with the chart above (also copied below). This is a yearly chart of McKesson Corporation (MCK), a medical supplies company. As you can see in the chart below, this stock has been soaring over the past year despite most other stocks being significantly lower. Here is the performance of the S&P 500 over the same time period. Whenever I see something highly unusual in a chart, such as extreme outperformance, I check the higher timeframes to see what's driving price on a technical level. Below is the yearly chart for MCK. When I examine price action over a long time period, I always log adjust my chart. Below is the log-adjusted chart. Upon seeing this chart I immediately knew what was going on: the stock price jumped S-curves. I will try to illustrate below how I reached this conclusion. To begin, I drew Fibonacci levels from the last reaction low to the last reaction high on the yearly timeframe. The previous reaction low was the bottom of 2008 because that bottom was a Fibonacci retracement of some earlier reaction high, the reaction high is the top in 2015 because price did not surpass that high without first undergoing a Fibonacci retracement (to the golden ratio). As you can see above, from 2015 to 2018 the price retraced down to the golden ratio (0.618) on the yearly chart. It is often from this retracement level that the base of the second S-curve is created. (For simplicity, I only included the 0.618 Fibonacci level on the chart). Some may say that this pattern is merely a bull flag or pennant. (See chart below) Indeed, bull flags and pennants can be another way to visualize S-curve jumps. Whereas, on a deeper, more mathematical level, S-curve jumps are logarithmic spirals (approximated as Fibonacci spirals or Golden spirals). If you wish to delve deeper into logarithmic spirals, including the Golden spiral, you can check out this Wikipedia page: en.wikipedia.org These Fibonacci or Golden spirals are present on mostly every chart and they appear on mostly every timeframe (hence they are fractal ). One of the best charts you can use to visualize these spirals is the chart of Bitcoin. Below are charts of Bitcoin which attempt to show the endless fractal nature of Fibonacci spirals (or "S-curve jumps"). I've only illustrated a few of the spirals, but indeed there are numerous spirals. (I tried to do my best using the tools on Trading View to draw these spirals, but it can be quite hard to manipulate the curves perfectly to price action.) One may ask what about when price falls? That is obviously not an S-curve jump since the price is falling. Actually, when price is crashing it is usually just an S-curve jump, or Fibonacci spiral, on the inverted chart. Although I have not tested it with scientific rigor, I do hypothesize that Bitcoin's price movement is a series of infinitely fractal and competing Fibonacci spirals on various timeframes, including Fibonacci spirals on inverted scales. Price movement can be thought of as an infinite series of S-curve dilemmas where infinitely fractal S-curves, including those of which are inverse S-curves, compete to govern the next price move. Each dilemma is resolved when an S-curve reaches its inflection point, such that it governs price movement and price moves rapidly in that direction until it approaches capacity and faces its next dilemma. Those who know Calculus may recognize this chart. Indeed this is the graph of a logistic function. The mathematical terminology for an "S-curve" is sigmoid function . Here are some more interesting charts of S-curves (none of which is intended to be investment advice) Meridian Bioscience (VIVO) jumps S-curves on its yearly chart The U.S. Dollar Index jumps S-curves on its yearly chart The entire price action of Chinese EV Company (NIO) is an S-curve that just completed a perfect golden ratio retracement Japan's faces a population S-curve dilemma Citigroup underwent S-curve growth up until the Great Recession. Then it crashed or underwent S-curve growth on the inverted chart. In summary, price movement involves an endless series of S-curves or Fibonacci spirals. Identifying an S-curve on a high time frame before it reaches its inflection point and breaks out can lead to tremendous gains (among the most lucrative gains one can realistically make in the financial markets).
NYSE:MCKEducation
by SpyMasterTrades
22
Bitcoin Logarithmic Growth Curve: 29k$ as a potential bottomLogarithmic analysis is a statistical approach that uses historical data to forecast and predict future prices. In this case, the Logarithmic growth curve takes all the historical price data of Bitcoin and uses log growth analysis to develop curves that project a potential path of future price growth. Historically, we have seen Bitcoin price tends to bounce between the upper and lower bounds of the logarithmic growth curve. The reason for this is that Bitcoin moves through market cycles. It is worth noting that price does not have to stay inside the curves. In fact we can see an example of where it briefly did not during the March 2020 covid crash, before then price corrected and came back into the log growth curves. Assuming Bitcoin continues to be adopted over time this chart, there is a potential bottom at the lower boundary around 29k$.
BITSTAMP:BTCUSD
by cryptoTradingAnalytics
BTC vs Money Supply updated 2022 (logarithmic)reviewing from my older chart that tried to make sense of the last the last ATH from Bitcoin against the money supply (money printing) can clearly see it broke the previous support price and is still struggling to get above even with all this 'extra' money floating around many big financial companies are liquid right now, there is plenty of opportunity from the crypto markets as a whole, trillions are waiting, maybe some price manipulation too, trying to get cheaper bitcoins of course!!! KEEP watching this chart, if it goes under the diangoal support line ive added then certainly question your crypto holdings and adjust accordingly as lower prices will be sure to come, if we can stay above that trend line support and get back above the old $20k 2017 ATH then we could see a nice drive up towards new highs ill do a normal version of this (not logarithmic) very soon any questions please ask!
BITSTAMP:BTCUSD
by majorlee
1
How to Use Log ScaleIn this post, I will explain how traders can maximize their use of log scale on Trading View. I will give examples of when you should use log scale on your charts and when you should not, as well as provide an in-depth analysis of its use cases, including how you can actually visualize the entire lifecycle of an asset using the log scale. In the chart above, I highlight the difference that using the wrong scale can have on your trading. The chart shows the monthly candlesticks for the U.S. Dollar Index (DXY). If one applied Fibonacci levels on a log adjusted version of the chart, one would have been under the impression that the dollar index made a huge breakout above its Fibonacci level. However, if one had not applied log adjustment, one would have correctly noticed that price was actually being resisted by the Fibonacci level. From a mathematical perspective, the U.S. dollar index ordinarily should not be log adjusted. I'll explain why below. Log adjustment simply refers to adjusting data on a logarithmic scale. Log adjustment is most suitable for visualizing data of a financial instrument or asset that is moving exponentially or in logistic growth . I will explain and illustrate both of these patterns below, but before I do so, I will discuss assets that do not move in either of these two ways and therefore should not be log adjusted. Financial instruments that are range-bound or that oscillate up and down (e.g. the VIX), ordinarily, should not be log adjusted. Similarly, financial instruments that oscillate relative to another financial instrument, such as the U.S. dollar index (the dollar index oscillates relative to the strength of other currencies), should ordinarily not be log adjusted. Additionally, financial instruments that oscillate up or down solely due to monetary policy action, such as bonds and interest rates, ordinarily, should not be log-adjusted. In all of these oscillator examples, price action does not undergo exponential decay or logistic growth relative to time and therefore log adjustment is mostly inappropriate. Applying log scale to these assets can lead to the trader reaching the wrong conclusion, such as shown with the dollar index example above, and below with an example from the VIX. Regardless of which one of these charts ultimately proves to be right (support holding or breaking for the VIX) it illustrates the problem with using the wrong scale on your charts. Using the wrong scale can lead to the wrong conclusion and put you on the wrong side of a trade. On the other hand, most other financial instruments and assets move in patterns of either exponential decay or logistic growth and should be log adjusted. Most stocks, indices, derivatives, and cryptocurrencies move in patterns that should be log adjusted. Here's an example of exponential decay : Here's an example of logistic growth : Many people look at this chart and incorrectly think that Monster Beverage (MNST) is growing exponentially, but in fact it is not. Applying log adjustment can help show this. As you can see, log adjustment shows that MNST's past price action fits the S-curve of a logistic function almost perfectly. If MNST were growing exponentially, log adjustment would just show a straight line with an upward slope. In the above example, log adjustment can actually show you hints that MNST is in the late phase of its growth cycle as price reaches capacity. As far as I am aware, no financial asset grows exponentially, as there is a finite amount of capital and a finite amount of resources in the world. When a financial instrument appears to be growing exponentially, it is merely in the upward concavity phase/maximum growth period of a logistic function. Eventually, the financial instrument will reach its capacity and its growth will begin to flatten over time. In virtually all cases, assets decline at some point in the future after reaching their capacity. Using log adjustments can help you avoid entering into positions of assets that are near capacity. Log adjustment reveals where an asset is currently positioned in its lifecycle. Take a look at the below example of Citigroup. When the Great Recession hit, Citigroup began to undergo exponential decay (relative to the broader market). See the chart of Citigroup's price action relative to the broader market (S&P 500). In some rare cases, an asset can do the opposite of this: transition from exponential decay to logistic growth. Finding and entering a position just before the inflection point can be among the most lucrative investments one can possibly make in the financial markets. Log adjustment can help you find the inflection point. In the future, I will write a post on how to find inflection points using log adjustment, and I will provide an example of an asset that is about to break out from its inflection point. Aside from visualizing the lifecycle of a financial asset, log adjustment can help eliminate skewness to better visualize patterns. Here's an example below. Log adjustment also allows us to run linear-log regressions. In short, a linear log regression can identify areas where price action is unusually above or below the mean for financial instruments that move up or down exponentially. In the chart above, we see a log-adjusted chart of Money Supply (M2SL). Applying log adjustment to the money supply and then adding a linear-log regression channel shows us that the Federal Reserve was clearly adding too much money into circulation as evident by the M2SL reaching an abnormally high standard deviation from the mean and jumping above the upper line of the regression channel. Log scales help us understand and visualize data about the world around us and the natural cycles which characterize it. Log scales and logistic growth are used in many other scientific contexts from epidemiology (e.g. tracking the spread of a virus) to demography (e.g. analyzing population growth and decline). Take a look at a log scale of Japan's Nikkei Stock Average alongside the country's population from the post-World War II era to the present day. In summary, applying log adjustment is ordinarily suitable for assets that move exponentially or in logistic growth. Applying log adjustment on the price action of an asset that moves in this manner can better help us eliminate skewness, identify abnormal deviations using linear-log regression, and allow us to visualize the lifecycle of a financial asset. Note: Sometimes the wrong scale can be useful in trading because so many other traders are also making the same error and basing their trades on the wrong scale. I've seen this happen quite frequently for Fibonacci retracements. So sometimes it can be helpful to toggle between log scale on and off to see which is causing a price reaction. In general, though, log adjustment is mostly suitable for assets moving in exponential decay or logistic growth, from a mathematical perspective.
TVC:DXYEducation
by SpyMasterTrades
17
Bitcoin Super CycleHere we can see the PI cycle top flashed early much like 2013 In 2013 it was April fools day when BTC started its correction BTC reached the Center point of logarithmic regression around July 1 This correction was only 3 months in length I do see a similar pattern here, If this plays out like the super cycle in 2013 then my personal targets are: Center of regression July 2021 second PI cycle top will be around oct-nov of 2021 followed by a bear market which takes BTC to 20k as the floor again shaking out most retail and making it less affordable to accumulate From there BTC will be on the journey of 1 million roughly a year after the 4th halving It's important to note 4th halving will put rewards close to PI at 3.125
COINBASE:BTCUSD
by ILL_Midas
21
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694. #btcinversion #btcbottom *These are my personal opinions, based on chat data. This is not financial advice.*
BITSTAMP:BTCUSDLong
by DoozerInvest
ES1!/SPY Short - Broadening Decisive Break - LOPMAYou short, anon? Lots of evidence pointing to the downside here. (I am currently aware of a bug for people viewing my posts on various devices where they see nothing. Something to do with my firefox configuration which I will fix soon, until then you can visit my chart link to see my charts if unable to see here) I think we have only just started downside similar to the covid crash, evident by a few metrics. Things such as the daily candle gap of today's candle (similar to covid crash), My homemade indicator showing deviation bearishly and printing of multiple instances of hidden bear divergence. So much to say, such little time... Good luck, have a great one.
CME_MINI:ES1!Short
by DYOR_Analysis