Re: Bitcoin: The Downward Trend Continues

What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.

I peed myself laughing.

I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.

Whatever.

I know several professional traders, and none of them use charts like that for the exact reasons I posted. I also trade myself, I'm profitable, and I know a good deal about charting, technical analysis, and price action.

Now, if you know something about the matter, then go ahead and enlighten us. Otherwise STFU and stop acting like a jackass.

None of them?

Quote

Logarithmic price scales are generally accepted as the default setting for most charting services, and they're used by the majority of technical traders. Common percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price. Contrast this to "linear price scale".

Source: http://www.investopedia.com/terms/l/logarithmicscale.asp

Some use tic based charts or even Renko etc...first I've heard of log, always learning something new. Perhaps cause we mostly trade currencies or commodities, changes happen in smaller increments and smaller tf