2 parts in this idea:
1) Recommendation of tools of TA
2) Chart interpretation
1) Recommendation of tools of TA
Many of the users of the indicator "Bitcoin Logarithmic Growth Curves" by @quantadelic complained about the curve was hard coded, only applies to bitcoin, and the data is outdated.
@quantadelic already left the community, he is unable to reply comments or publish new script.
- Highlight : It is not only for bitcoin, it is for all kinds of cryptos.
This is the most updated logarithmic growth curve that works for bitcoin + all other kinds of tickers.
(Click on the chart below to get the access of the indicator)
- Again: It is not only for bitcoin, it is for all kinds of cryptos.
Feature:
- Auto-update the curve (it would be a hard-coded, locked coordinate script like this code)
- Shape of lines are all linear adjustable
- Height difference of levels and zones are customizable
- Support and resistance levels are highlighted
For those who has problem using this bitcoin script, you can contact me.
----
2) Chart interpretation
Now the bitcoin is standing above 0.618 fib level and also having a huge 0.764 fib level resisitance at the top of it.
For guys who want to long bitcoin, they can wait for it drops to 0.618 level.
For guys who want to short Bitcoin, they can look at 0.764 level
For long term investing, you might target entry at fib level close to 0 and exit at fib level close to 1.
1) Recommendation of tools of TA
2) Chart interpretation
1) Recommendation of tools of TA
Many of the users of the indicator "Bitcoin Logarithmic Growth Curves" by @quantadelic complained about the curve was hard coded, only applies to bitcoin, and the data is outdated.
@quantadelic already left the community, he is unable to reply comments or publish new script.
- Highlight : It is not only for bitcoin, it is for all kinds of cryptos.
This is the most updated logarithmic growth curve that works for bitcoin + all other kinds of tickers.
(Click on the chart below to get the access of the indicator)
- Again: It is not only for bitcoin, it is for all kinds of cryptos.
Feature:
- Auto-update the curve (it would be a hard-coded, locked coordinate script like this code)
- Shape of lines are all linear adjustable
- Height difference of levels and zones are customizable
- Support and resistance levels are highlighted
For those who has problem using this bitcoin script, you can contact me.
----
2) Chart interpretation
Now the bitcoin is standing above 0.618 fib level and also having a huge 0.764 fib level resisitance at the top of it.
For guys who want to long bitcoin, they can wait for it drops to 0.618 level.
For guys who want to short Bitcoin, they can look at 0.764 level
For long term investing, you might target entry at fib level close to 0 and exit at fib level close to 1.