For a bit of fun heres an idea for the top. How does a brief spike to $50k in the very near future sound ?
That would be similar to the first bubble peak of 2013
Then a crash, but first a ginormous spike
I wonder if the reason many fail in TA is that they don't use the log price scale enough.
That would be similar to the first bubble peak of 2013
Then a crash, but first a ginormous spike
I wonder if the reason many fail in TA is that they don't use the log price scale enough.
Log scale (or better said, lack thereof) is only an issue when using trendlines during parabolic trends. Or just the visual appearance can be enough to scare you out of a long when you look at this
On short time frames, there is virtually no difference in the appearance. MA's, fibo, indicators are unaffected by log vs linear
50k is very possible in the very near future. Could come in the next couple of weeks