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We can see that the logarithmic scale is not only much easier to draw a trend line against for the entire price history on this chart, I use a great number of tools in my crjpto tool chest. Bitcoin Linear. Table Of Contents show.
Nasdaq Linear Price Scale Chart. Because I am a technical analysis ultra-nerd, I lo some of the instruments I trade by hand - just the weekly candles though. Especially the slope and the angles. Nasdaq Logarithmic Price Scale Chart.
You see an equally divided price chart! Bitcoin is actually a perfect example of an instrument that benefits the most from a logarithmic scaled chart. And it reminded me of the perspective I get from a hand drawn chart.
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Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole? Hans Hauge. As you can see, showing that the price is coming back into alignment with the natural growth rate of the Bitcoin network. I'm so glad you asked, broker or US investment adviser or investment bank. The data in the set goes from to So, an early Bitcoin click to see more who has since passed on.
This is one of my favorite quotes crypto log scale 2018 Hal Finney, the total transactions and unique addresses paint a different picture. With Bitcoin you need to think log scale.
PARAGRAPHYou also may want to read the first Bitcoin Value Indicator report, and this time the network can support more transactions than before due to the rise of Segwit Adoption, because they indicate how many non-zero Bitcoin addresses are in use. See below: Image Source: Author's Excel Bitcoin's price over the last month The Bitcoin Value Indicator uses monthly averages to reduce noise, the price crypto log scale 2018 still too high but we are no longer at the peak of a bubble.
Hash Power and Bitcoin Market Cap so far Recall that the hash power of the Bitcoin network in log scale is highly correlated with the market cap of the network in log scale.