Interactive financial charts for analysis and generating trading ideas on TradingView! Dec 17, · Bitcoin had a major breakout last night, taking the asset to a price well above $20, to close out what has been a stellar year for the cryptocurrency.. Although was a monumental year for many reasons, it also marks a milestone for Bitcoin, in which a record has been set for the longest weekly uptrend in the asset’s history, according to a “parabolic” indicator. Watch live Bitcoin to Dollar chart, follow BTCUSD prices in real-time and get bitcoin price history. Check the Bitcoin technical analysis and forecasts.
Longest bitcoin chart on tradingviewBitcoin longterm chart for BNC:BLX by FlaviusTodorius67 — TradingView
All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Tweet Share. Could you be next big winner? Tony Spilotro I'm Tony Spilotro. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks. Press Releases. Newsletter Signup. Technical Analysis. Cryptocurrency news. How are you drawing that exponential curve on tradingview?
I have been wanting to do some of this type of engineering type analysis, but I'm new to tradingview so I can't seem to find all the tools. Bitcoin wisdom should do lines on the exponential chart that turn in to exponential functions on the linear chart, but I am not aware of how to draw with custom exponents or functions of exponents. AdrianZieniewicz zcbercomputing. That's one of the reasons I don't appreciate such predictions. I think BTC is closed to the bottom, 3. The problem with all projections, where the price moves up and down, between two straight log lines or, more recently, between two parabolas, is that it is extremely unnatural.
Unnatural, because you can literally see that someone spent a long time designing and inventing it on a drawing board. It is a very artificial creation. I do not believe that real market price movements will remain range bound between these artificially designed log lines, parabolas or whatever.
The people who draw these silly lines over and over again have taken on the futile task of predicting the future by years ahead. Something nobody can do. FlaviusTodorius67 ReallyMe. ReallyMe , Yes, it remains only a "best fit" scenario. Of course that is no guarantee that this will materialize exactly like that, but it is a good guess, I would say. ReallyMe FlaviusTodorius FlaviusTodorius67 , Yes, sure. But what I say is : why bother? ReallyMe , This is exactly a best fit type of scenario.
If you try best fit with single order equations lines it almost always fails. If you use exponentials it gets better, infinite series are much better ways to approximate the behavior. The point of the analysis is to come up with an equation that has the same mechanics or behavior of the market.