Following an interesting idea: Log Growth Curve as Support
Full Credit to Davthewave:
Twitter: @davthewave on
Youtube: goo.gl/nXLBvo
Trading View: www.tradingview.com/...christophercolumbus/
Full Credit to Davthewave:
Twitter: @davthewave on
Youtube: goo.gl/nXLBvo
Trading View: www.tradingview.com/...christophercolumbus/
Comment:
*Twitter: @davthewave
Comment:
@christophercolumbus points out the importance of the logarithmic perspective which offers a more realistic view of price and market action over the long term.
In simplistic terms, this is akin to how we view all things naturally. As you look into the horizon the most distant objects seem smaller. Our vision is logarithmic by nature so it can contain and analyze a wider set of detail.
In simplistic terms, this is akin to how we view all things naturally. As you look into the horizon the most distant objects seem smaller. Our vision is logarithmic by nature so it can contain and analyze a wider set of detail.
Comment:
Comment:
On a follow-up, this theory still holding nicely.