--🧑🎓Educational - Linear vs. Log-scale --
Just a quick summary, as i have had DMs about it recently
1. Logarithmic Charts Explained
2. Linear Charts Explained
3. When to Use Log rather than Linear
4. Summary
#cryptotrading #cryptocurrency #Crypto #Bitcoin
Just a quick summary, as i have had DMs about it recently
1. Logarithmic Charts Explained
2. Linear Charts Explained
3. When to Use Log rather than Linear
4. Summary
#cryptotrading #cryptocurrency #Crypto #Bitcoin
-- Logarithmic Charts Explained --
🔹 Logarithmic or log price scale, represents price spacing on the vertical or y-axis dependent on the PERCENTAGE CHANGE in the underlying asset's price
🔹 Think of it as the log scale shows the rate of change over time
#cryptotrading #Crypto
🔹 Logarithmic or log price scale, represents price spacing on the vertical or y-axis dependent on the PERCENTAGE CHANGE in the underlying asset's price
🔹 Think of it as the log scale shows the rate of change over time
#cryptotrading #Crypto
-- Linear Charts Explained --
🔹 Linear or arithmetic price scale, represents price on the y-axis using equidistant spacing between the designated prices / the absolute values
🔹 Think of it as showing the absolute number increase / decrease over time
#cryptotrading #Crypto
🔹 Linear or arithmetic price scale, represents price on the y-axis using equidistant spacing between the designated prices / the absolute values
🔹 Think of it as showing the absolute number increase / decrease over time
#cryptotrading #Crypto
-- When to Use Log rather than Linear --
🔹 Traders tend to use log for Long-Term perspective or when price movements are large / in multiples
🔹 Linear scale is used more by Day traders within tight ranges
🔹 Log is the more common as default
#cryptotrading #Crypto
🔹 Traders tend to use log for Long-Term perspective or when price movements are large / in multiples
🔹 Linear scale is used more by Day traders within tight ranges
🔹 Log is the more common as default
#cryptotrading #Crypto
-- Summary --
🔹 I use Log when looking at HTF's and trying to find confluences with trend lines / pitchforks etc...
🔹 I find with #Bitcoin due to the large % price moves I tend to keep my charts on Log
🔹 NOTE: Some @tradingview indicators have specific log scale settings
🔹 I use Log when looking at HTF's and trying to find confluences with trend lines / pitchforks etc...
🔹 I find with #Bitcoin due to the large % price moves I tend to keep my charts on Log
🔹 NOTE: Some @tradingview indicators have specific log scale settings
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