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BTC logarithmic growth chart: How to spot the best buying opportunities?
🕑 Added 2020-12-29 21:28:05 +0000 UTCMany BTC traders use the logarithmic chart to identify areas of accumulation and "danger" areas.
You can easily see this on trading view and will immediately be able to understand by using some "intuition" where are the areas you should be accumulating and where you should be selling. Have a look at the chart below:
Everything below the bottom two lines were MASSIVE buying opportunities. Will I get the chance to buy again those? I believe so! Because the chart is logarithmic the next buying opportunities will be more expensive, but BTC has taught us that there's always another opportunity!
Instructions:
1) go to BTCUSDT chart on TV
2) select "log" on the bottom right corner
3) search and add this indicator to your chart: "bitcoin logarithmic growth curves...." (author "quatadelic")
4) set your chart to daily
5) zoom out
Bonus:
You can also do the analysis using weekly view, for a bigger picture.
