Dec 10, · Bitcoin chart views on TradingView are still down roughly 50% from the record highs set in late But since launching support for bitcoin . Bitcoin all time chart tradingview can be misused to book hotels on Expedia, shop for furniture off Overstock and buy Xbox games. just more of the hype is about feat rich by trading it. The price of bitcoin skyrocketed into the thousands In The Bitcoin all time chart tradingview blockchain is a public ledger that records bitcoin transactions. Time to be careful. On the 1-day chart above BTC.D (D for dominance) is indicated as overbought (green column). Stochastic RSI is at !! (Out of ) that is clearly bonkers. Money Flow Index (MF) is at (how is that possible?!). Looking left MFI has never been here before for all of the BTC dominance history.
Bitcoin all time chart tradingviewBitcoin Dominance Index Chart — TradingView
Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart.
Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally.
Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a Some Elliott Wave for you.
I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed.
Anyone that bought the dip on Alts, very ballsy! It won't go much higher afterwards, it can be seen as the final asymptotic price. The next peaks should be at around k in , and around k in I hope this chart helps people understand the longterm growth dynamics of BTC :. Comment: So, 5 months later it seems that we are still on track for that low in a few months. It could be as low as , because that line is of course not very precise, the smallest deviation yields a few hundred USD above or below.
But it can serve as a good orientation point when to start buying cheap coins :. Comment: It turns out that this prediction here has become way too conservative. Bitcoin started the bullmarket earlier than predicted. I updated the longterm chart here:. Comment: Apparently we're exactly where we should be. But: I think we'll reach k earlier than this chart suggests, already in instead of 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.