BTC 3D Timeframe Analysis

[ImThour]

Okay, found something interesting on the 3 Day timeframe.

This is a chart with just a resistance trendline matching the RSI trendline:


Now, after enabling the Logarithmic (Log) scale to the chart, this is what it looks like:


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.

[ImThour]

Okay, many were skeptical about this however I think it got a clear rejection from the resistance trendline it was at.

[dragonvslinux]

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.