Absolutely - might be better to discuss in the chat for long form, but in short, it is a Logarithmic Regression Curve chart. By itself, that isn't unique, but my chart uses Heiken Ashi candles, which are very good at identifying trend changes.
Heiken Ashi candles effectively identify trend changes by averaging price data to create smoother, more consistent candle patterns that maintain uniform colors and minimal opposing wicks during strong trends, with reversals clearly signaled by a color switch or the emergence of significant wicks on the opposite side.
Bitcoin has been in a 3 year trend of booms, consolidation, and booms again so this type of trend analysis has been extremely successful at calling the end of the consolidation and breakout probabilities.
Can you please give an explanation of the LRC chart and how you use it?
Absolutely - might be better to discuss in the chat for long form, but in short, it is a Logarithmic Regression Curve chart. By itself, that isn't unique, but my chart uses Heiken Ashi candles, which are very good at identifying trend changes.
Heiken Ashi candles effectively identify trend changes by averaging price data to create smoother, more consistent candle patterns that maintain uniform colors and minimal opposing wicks during strong trends, with reversals clearly signaled by a color switch or the emergence of significant wicks on the opposite side.
Bitcoin has been in a 3 year trend of booms, consolidation, and booms again so this type of trend analysis has been extremely successful at calling the end of the consolidation and breakout probabilities.
So the candle coloration is the weekly Heikin Ashi, where does the LRC come into play on the chart? Is the LRC available as a tradingview indicator?
DM’ing you now