The projections out from current levels are theoretical path of btc based on the current trajectory. The update includes customizable fib levels and filled upper and lower bands.
Logarithmic Bitcoin Price Chart Shows Similarity Between Previous Market Cycle And Current Market Conditions Crypto Iq Bitcoin And Investment News From Inside Experts You Can Trust
This plots logarithmic curves fitted to major bitcoin bear market tops bottoms.
Litecoin logarithmic chart. Litecoin is down 1193 in the last 24 hours. Top line is fitted to bull tops bottom line is fitted to lower areas of the logarithmic price trend which is not always the same as bear market bottoms. The current coinmarketcap ranking is 7 with a market cap of 8668873274 usd.
Litecoin price today is 13069 usd with a 24 hour trading volume of 9501589203 usd. This market cycle will likely be a long one so buckle up for the journey and maybe one day btc will flirt with the upper peak logarithmic regression band. Since bitcoins insurrection it has been growing on an unprecedented logarithmic scale.
This script is only intended for the bitcoin log chart to reflect the channel that can be found on a loglog bitcoin chart. Lets go through a quick definition of what linear and logarithmic charts are. Logarithmic charts vs linear charts.
Bitcoins natural long term power corridor of growth. According to this logarithmic scale bitcoins realistic resistance should lie around 60k. Bitcoin the logarithmic growth curve by dave the wave.
This is the first piece to come out of. This post and its contents should in no way be considered investment advice. Seeing the growth of the past couple of weeks another 50 increase in price should be reachable within two months or less.
This is a version of the log growth curves previously published by quantadelic. Middle line is the median of the top bottom and the faded solid lines are fibonacci levels in between. In fact we are still fairly far ahead with regards to our fair value logarithmic regression support band fit to non bubble data.
Inspired by based on a medium post by harold. Linear chart price is scaled to be equal so 5 10 15 20 25 30 etc. Fall further down the rabbit hole check out this thread by cole garner on twitter inspired by this article from harold christopher burger.
While btc has dipped back down recently we are still very much on track. Perspective is key to technical analysis and its especially important for instruments like bitcoin. You see an equally divided price chart.
Inspired by the work of harold christopher burger. Cole garner and atquantadelic.
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