I thought I would add my two cents after making & tweeting some similar long term charts:
(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD
Both are the same. All are super powerful trendlines.
(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)
Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.
(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD
Both are the same. All are super powerful trendlines.
(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)
Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.
Too short a timeframe chosen resulting in less probable graphs, in my opinion.
It looks like a carbon copy of TERAs.
The timeframe is valid for the timeframe, so if the week candle closes distinctively outside the trendline the breakout is likely. On an hour timeframe, this would not be accurate. On dailys, this would be relatively accurate. Yes it is similar to TERA's, however offers both log and linear in one picture and thus shows more possible points to come to if the trends aren't broken before. Simply more data
