Is BTC Reloading?

deaddog said:
I guess it's an imperfect science. Have you tried redrawing your trendline on tradingview?
It's hard to see where you are starting your line.
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pretty simple really you can see exactly where its started and runs down
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Lee-Bax said:
pretty simple really you can see exactly where its started and runs down
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I figured it out.We are using different scales. I'm using log scale and you are using linear.

I don't know why I'm using log scale, it's something I've done for the last couple decades. It's the defalt for my charting program. At least I can now explain the difference in our trand lines.
 
deaddog said:
I figured it out.We are using different scales. I'm using log scale and you are using linear.

I don't know why I'm using log scale, it's something I've done for the last couple decades. It's the defalt for my charting program. At least I can now explain the difference in our trand lines.
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ahh interesting to know, at least we now know why :)
 
Possibly, but id say that's just one person's opinion. Crypto markets are still relatively new. If it was 50+ years old then maybe the argument could be held. But until then ill just stick to what I have been doing
 
Lee-Bax said:
Possibly, but id say that's just one person's opinion. Crypto markets are still relatively new. If it was 50+ years old then maybe the argument could be held. But until then ill just stick to what I have been doing
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I think this is very true. Also i think all can see how its behaved the last 6-10months since institutional money has come into it. It is much more placid than before
 
Couple of setups from last week have played out, still holding others. head over for this week's video. Appreciate anyone that likes and subscribes. Hope you have all a good trading week
 
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article :

Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years. Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years.
The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019, and since then, the correlation between Ethereum and Bitcoin has been relatively low. Bitcoin’s peak CAGR was back in 2014, while Ethereum peaked on October 20, 2019.

It is nice to see a little bullish price action, ETH is already trading above the 100 moving average and I'm glad I invested in ETH for the HODL as I have seen first hand how it has been out performing BTC . But is this the start of the bull run? Who knows time will tell. Have a good trading week all, BTC long currently in profit and holding. GLIYF
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Good morning all, another little update today on the Bitcoin long, along with the comparison of ETH. As we can see ETH is leading the way trading nicely above the 100 moving average. BTC did peak above a few days ago but currently still trading underneath. But it is still giving us bullish structure, even though small. Will it last and continue? Only time will tell, I have drawn out a little map of possible HH's and HL's so lets see how price plays out this week. Still in profit and still holding, have a good trading week all GLIYF
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