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XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
2
Optimizing Technical Analysis with Logarithmic Scales▮ Introduction In the realm of technical analysis, making sense of market behavior is crucial for traders and investors. One foundational aspect is selecting the right scale to view price charts. This educational piece delves into the significance of logarithmic scaling and how it can enhance your technical analysis. ▮ Understanding Scales - Linear Scale This is a common graphing approach where each unit change on the vertical axis represents the same absolute value. - Logarithmic Scale Unlike the linear scale, the logarithmic scale adjusts intervals to represent percentage changes. Here, each step up/down the axis signifies a constant percentage increase/decrease. ▮ Why Use the Logarithmic Scale? The logarithmic scale offers a more insightful way to analyze price movements, especially when the price range varies significantly. By focusing on percentage changes rather than absolute values, long-term trends and patterns become more apparent, making it easier to make informed trading decisions. ▮ Comparative Examples Consider the Bitcoin price movement: - On a linear scale, a 343% increase from $3,124 to $13,870 looks smaller compared to the same percentage increase from $13,870 to $61,769. This disparity occurs because the linear scale emphasizes absolute changes. - On the logarithmic scale, both 343% increases appear proportional, giving a clearer representation. Additionally, in a falling price scenario, a linear graph might show a smaller box for an 84% drop compared to a 77% drop, simply because of absolute values' significance. The logarithmic scale corrects this, showing the true extent of percentage declines. ▮ Advantages and Disadvantages Advantages: - Fairer comparison of price movements. - Consistent representation of percentage changes. - More reliable support and resistance lines. Disadvantages: - Potential misalignment of alerts (www.tradingview.com). - Drawing inclined lines might create distortions when switching scales: A possible solution is the use the "Object Tree" feature on TradingView to manage graphical elements distinctly for each scale. ▮ How to Apply Logarithmic Scale on TradingView Enabling the logarithmic scale on TradingView is straightforward: - Click on the letter "L" in the lower right corner of the graph (the column where prices are shown); - Another option is use of the keyboard shortcut, pressing ALT + L . ▮ Conclusion The logarithmic scale is an invaluable tool for technical analysis, providing a more accurate representation of percentage changes and simplifying long-term pattern recognition. While it has its limitations, thoughtful application alongside other analytical tools can greatly enhance your market insights.
Editors' picks
INDEX:BTCUSDEducation
by andre_007
5
BTCUSD: Monthly BHG Confirmed; Now Targeting $146,000 - $174,000Bitcoin after bouncing from a Bullish Cypher PCZ and Breaking out of a Falling Wedge has back tested the wedge as support and has closed bullishly above the backtest and now we have a confirmed Break-Hook-and-Go on the monthly timeframe as well as Hidden Bullish Divergence on the MACD. If this is truly the bottom then I would think Bitcoin is likely to complete an AB=CD BAMM that will take it to a 1.618 Fibonacci Extension which sits at $173,805
INDEX:BTCUSDLong
by RizeSenpai
$EXRD / $XRD HopiumHumans struggle to comprehend exponential curves, but the history of crypto has shown that the log chart it is the only rational TA method for mature projects. If Radix were to match the market cap of Solana CRYPTOCAP:SOL , its price would be ~$7.50. Radix's superior tech, narrative, and ecosystem could 10x that, and at the apex of the bull market 5-10x that again. Therefore, we are giving a price target of ~$200 before the end of the year, with Bitcoin at $400k by the same analysis.
Long
by libertant
Long term indicator to identify Bubble territoryBollinger bands applied on the 1M Log chart create this fjord/valley forms that signal in advance that the peak is arriving and that we are in a big bubble territory. This won't tell you the exact month when to sell, but it signals when we are entering the bubble territory, so you can know whether or not it's still safe to enter, and start selling going up hill. Vertical lines are halving dates just for reference. The red circle is an approximate when the peak will probably take place.
INDEX:BTCUSD
by ecairol
S&P 500 Index (SPX): Long-term AnalysisThe 'Adaptive Trend Finder (log)' indicator analyzes the entire available history and calculates the strongest trend channel. It is arguably the best tool for instantly visualizing the price level from a technical analysis perspective. On this chart, we have applied the 'Adaptive Trend Finder (log)' indicator twice, using logarithmic scale settings, and we have selected the 'Use Long-Term Channel' option for one of the two indicators (red). We adjusted the table to prevent overlap with the first indicator (blue). What do we observe on the S&P 500 Index? We can see that there are two Ultra Strong trends, one starting in the late 1930s and the other beginning in 2009. The CAGR (Compound Annual Growth Rate) for the channel starting in 1939 is 7.4%, and for the one starting in 2009, it is 10.6% (excluding dividends). Now it's up to you to draw conclusions... Happy trading!
TVC:SPXLong
by Julien_Eche
$BTC | Bitcoin Logarithmic Cycles and 2024 BullrunIn this chart, which I have shared previously in August 2022, I explain that we had reached our bottom back in November 2022 and would likely put in an accumulation range (green rectangle boxes) over a period of time - this has now happened exactly. I don't mean to post this to prove I was 'right', I do it because it gives some clarity to those long-term investors (opposed to intra-day trading), that we are in fact on the right track to a fresh all time high in 2024/25. Bitcoin briefly traded outside the lower support band of the Log curve, which was worrisome for a while, myself included. However, if we stuck to the technicals and price action, we would have quickly realized it was a deviation (which has happened before) and would prove to be the next best opportunity to get involved and buy long term positions. This chart does not mean it is straight up from here, as in 30k Bitcoin in the near future is not off the table, in fact I think it is very much ON the table. If you're a long term investor, you don't care. You dollar cost average in at those corrections and if we get a capitulation event, ensure you have capital ready to deploy. The reason why I can confidently do this, without worrying about intra day price movement, is I know where the final destination is. Price may hug the lower support band of the Log curve and chop around in the green box, but on average the price will be elevating itself in my opinion, such that the high time frame, macro weekly, monthly) 100/200 moving averages will be in an uptrend from here on out. I like this chart, if provides clarity and perspective, if you don't day-trade then this is the only chart you need for Bitcoin. Vatsik
BNC:BLXLong
by cryptovatsik
2
Bitcoin - Using the Logarithmic ChartHi Traders, Investors and Speculators of Charts 📈📉 A logarithmic chart, also known as a log chart, is a type of chart that represents data using logarithmic scaling on one or both axes. It is commonly used in financial and stock market analysis to visualize price movements and identify trends. The main difference between a logarithmic chart and a linear chart is how the price scale is displayed. You can change your display when you rightclick on the righthand scale-pane where the prices are displayed, there you will find an option saying "logarithmic". Using a logarithmic chart is particularly useful when analyzing the weekly timeframe view. The weekly timeframe provides a broader perspective and allows traders and investors to assess long-term trends and make more informed decisions. When combined with a logarithmic scale, the weekly timeframe on a logarithmic chart can provide a clearer picture of exponential growth or decline patterns over an extended period. This weekly timeframe smooths out short-term noise and focuses on the overall price movement. The logarithmic scale helps accurately represent the percentage changes in price over the weeks, rather than emphasizing absolute price changes. This is important because it allows traders to identify trends and patterns that might not be as evident on a linear chart. As seen on the chart, the log indicator (I'm using Bitcoin LFG Model By ARUDD) even shows a forecast and all of the values are indicated in color on the righthand scale. The logarithmic chart helps traders spot long-term trends and key support zone and resistance zone more easily. By analyzing this chart over a macro perspective( in other words looking at yearly views), traders can identify significant price levels, trendlines, or moving averages that have historically acted as strong areas of support or resistance. These levels become more reliable when observed over a longer timeframe, and the logarithmic scale ensures that percentage changes are given equal weight, making trendlines and support/resistance levels more accurate and meaningful. Furthermore, using a weekly logarithmic chart can assist traders in understanding the magnitude and duration of trends. It helps visualize sustained periods of price growth or decline, enabling traders to assess the strength and potential continuation of a trend. This information is valuable for making longer-term trading decisions and managing risk appropriately. In a linear chart, each unit of movement is represented by an equal distance on the price scale. For example, if BTC price moves from 10000 dollars to 20000 dollars, the distance on the chart is the same as the distance from 50k to 60k. However, in a logarithmic chart, the distance between each price level is proportional to the percentage change rather than the absolute price change. This means that equal percentage changes are represented by equal distances on the chart. This is how you can utilize the Log Chart for your trading: Trend Identification: Logarithmic charts can help identify long-term trends more accurately, especially when there are significant price increases or decreases over time. By using a logarithmic scale, the chart can better represent the percentage change in price, making it easier to spot trends that might be obscured on a linear chart. Trade Setups: Logarithmic charts can be useful for identifying trade setups, such as breakouts or reversals. On a logarithmic chart, these levels may appear as trendlines or horizontal zones that have held significance in the past. Traders often look for increased volume or other technical indicators to confirm a breakout or reversal signal. Key Trading Zones: Logarithmic charts can help identify key zones of support and resistance. These zones represent price levels where the asset has historically found buying or selling pressure. On a logarithmic chart, these zones can be identified as areas where the price has touched or bounced off trendlines. Traders may use these zones to make decisions about buying or selling a stock. Long-Term Perspective: Logarithmic charts are particularly useful for long-term analysis because they can provide a better perspective on the overall price movement. They can reveal exponential growth or decline patterns that might be missed on a linear chart. This can be valuable for investors looking to make long-term investment decisions based on the stock's historical price behavior. ________________________________ BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CRYPTOCAP:BTC BINANCE:BTCUSDT KUCOIN:BTCUSDT OKX:BTCUSDT BYBIT:BTCUSDT COINBASE:BTCUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck
INDEX:BTCUSD
by CryptoCheck-
25
The Ultimate Destruction of Ethereum NearsETH right now looks to have formed a Logscale Bearish Dragon on the Monthly and right now is showing Weakness at Resistance if it breaks down this Bearish Dragon we will see it come to the 0.618 Retrace below as a target one for the Bearish Dragon but this could also lead to a Log Scaled Bearish Bat Action Magnet Move down to the 0.886 Retrace. I believe Money will move out of ETH and into coins like Litecoin, RVN, HBAR, among a few others.
Short
by RizeSenpai
Advantages of Using Logarithmic Scale and when to use itThe financial markets are constantly evolving, and as such, traders and analysts need to stay ahead of the curve. One tool that has proven to be invaluable in financial analysis is the logarithmic scale. In this detailed guide, we will explore the logarithmic scale in financial analysis and its various applications in technical indicators. 1. The Logarithmic Scale: Definition and Purpose The logarithmic scale represents data on a chart by plotting the value's logarithm, rather than the value itself. This representation can better visualize exponential growth or decay and provide a more accurate depiction of price trends in markets that experience large price changes. 2. Advantages of Using Logarithmic Scale a. Better visualization of percentage changes: The logarithmic scale provides a better visualization of percentage changes in assets. This is because the scale compresses the larger movements and stretches the smaller ones. As such, traders can better analyze the percentage movements in an asset and make informed decisions. b. Equal treatment of percentage movements: The logarithmic scale treats percentage movements equally, regardless of the asset's price. This is important because it allows traders to compare assets with different price ranges, which would not be possible using a linear scale. c. More accurate representation of long-term trends: The logarithmic scale provides a more accurate representation of long-term trends in assets. This is because it takes into account the compounding effect of percentage changes over time, which is not possible with a linear scale. 3. When to Use Logarithmic Scale a. Analyzing stocks with significant price movements: Stocks that experience significant price movements are better analyzed using a logarithmic scale. This is because the scale provides a more accurate depiction of percentage changes in the stock's price. b. Evaluating historical data over extended periods: Historical data that spans an extended period is better analyzed using a logarithmic scale. This is because the scale provides a more accurate representation of the compounding effect of percentage changes over time. c. Comparing assets with different price ranges: Assets with different price ranges are better compared using a logarithmic scale. This is because the scale treats percentage movements equally, regardless of the asset's price. 4. Logarithmic Scale in Technical Indicators Incorporating logarithmic scale in technical indicators can help improve their accuracy and usability. One such example is the "Logarithmic Trend Channel" indicator, which has been adapted to work effectively on logarithmic charts. 5. How the Logarithmic Trend Channel Indicator Works The Logarithmic Trend Channel indicator is a modified version of the built-in "linear regression" script from Tradingview. The code plots the linear regression on a logarithmic chart, providing a more accurate representation of the trend when price movements are substantial. The indicator also provides options for different deviation levels, which can be adjusted according to the user's preference. 6. Applications: a. Identifying trends in assets with exponential growth or decay: The Logarithmic Trend Channel indicator can be used to identify trends in assets with exponential growth or decay. This is because the indicator provides a more accurate representation of the trend when price movements are substantial. b. Analyzing long-term price movements: The Logarithmic Trend Channel indicator can be used to analyze long-term price movements in assets. This is because the indicator takes into account the compounding effect of percentage changes over time, which is not possible with a linear scale. c. Setting support and resistance levels based on percentage changes: The Logarithmic Trend Channel indicator can be used to set support and resistance levels based on percentage changes. This is because the indicator provides a more accurate representation of percentage movements in the asset's price. Conclusion: The logarithmic scale is a powerful tool in financial analysis, providing a more accurate representation of price trends and movements, especially for assets with significant price changes. By incorporating the log scale into technical indicators, such as the Logarithmic Trend Channel, traders can better analyze market trends and make informed decisions.
NASDAQ:AAPLEducation
by Julien_Eche
Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42 Here is a screenshot of the 1 Hour Shark For Reference:
RLong
by RizeSenpai
3
Bitcoin Monthly Log Scale- Pay Attention! Bitcoin Monthly Log Scale- Pay Attention! <--- The Monthly is nothing to mess with! The bounce off this legacy trend on the RSI and the crossing up on the Stoc is something to consider... You can see what happened every time this happened in the past, this can be the start of an epic rally to the upside. Keep an eye on this! I have always been long term Bullish on Bitcoin! A pull back will be healthy for Bitcoin and needs to hold $25.3K. <--- Lets Go! Good Luck Out There!
INDEX:BTCUSD
by BuddaCo_LifeStyle