When it comes to trend analysis, one of my favorite tools is Andrews' Pitchfork which tends to give really good insight on the state of the trend.
I have to admit I had lots of trouble dealing with long term analysis of cryptocurrencies using pitchforks until I tried to display the charts in logarithmic scales.
When you think about it, it totally makes sense to use logarithmic scales for cryptocurrencies that are exposed to exponential moves on the upside or on the downside especially when you study long term charts.
As you can see, results I obtain with pitchforks applied to logarithmic charts look pretty consistent no matter what the price move is (upward, downward, correction, trend)
I have to admit I had lots of trouble dealing with long term analysis of cryptocurrencies using pitchforks until I tried to display the charts in logarithmic scales.
When you think about it, it totally makes sense to use logarithmic scales for cryptocurrencies that are exposed to exponential moves on the upside or on the downside especially when you study long term charts.
As you can see, results I obtain with pitchforks applied to logarithmic charts look pretty consistent no matter what the price move is (upward, downward, correction, trend)
注释
Here is another pitchfork I am closely watching for this current downtrend.注释
I have found that such analysis is even more precise when applied to the whole crypto marketcap注释
注释
Even more convinced of logarithmic charts
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。