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Title: BTC 3D Timeframe Analysis Post by: ImThour on August 09, 2022, 04:50:47 AM Okay, found something interesting on the 3 Day timeframe.
This is a chart with just a resistance trendline matching the RSI trendline: https://i.imgur.com/gX6oSkw.png Now, after enabling the Logarithmic (Log) scale to the chart, this is what it looks like: https://i.imgur.com/TtiZQHj.png This is crazy. Without log, it shows there is a lot of gap to be filled however on log chart, the price is at the resistance. Title: Re: BTC 3D Timeframe Analysis Post by: ImThour on August 10, 2022, 01:48:51 AM Okay, many were skeptical about this however I think it got a clear rejection from the resistance trendline it was at.
Title: Re: BTC 3D Timeframe Analysis Post by: dragonvslinux on August 10, 2022, 03:33:16 AM Okay, many were skeptical about this however I think it got a clear rejection from the resistance trendline it was at. Fair one :) Personally I don't use linear anymore, only log. As you pointed out the trend-lines are very different between the two, and over time I found that log trend-lines to be more reliable (even if the linear are still relevant), probably because Bitcoin moves in a more logarithmic manner than linear. That said, for shorter time-frames I can understand using linear. The RSI otherwise looks interesting right now. |
