Here's why I use log scale when analyzing the macro structure of litecoin:native, or any asset, instead of a linear scale. The reason is simple: On a macro chart, price moves are percentage based, not just dollar based. A move from $10 to $100 is not the same as a move from $1,000 to $1,090, even though both are a $90 move. That’s why linear charts can distort long-term structure. A log chart normalizes those percentage moves and makes the real structure much easier to see. Trend lines tend to align much better with the major tops and bottoms, and the overall pattern becomes much clearer. That’s also why I prefer using fib extensions on a log scale for macro targets. For Litecoin, my $1,700 target is actually conservative. On the log chart, the 1.618 extension points to roughly the same general area, while the linear chart using the 4.236 extension comes in around $1,695. In other words, two very different approaches are still giving me essentially the same macro target zone. What’s interesting is that the log chart also shows the possibility of a move as high as $2,500, which is why I say $1,700 is conservative, not aggressive. This is also where I think many analysts get it wrong. They use linear scale only, which can create completely different-looking structures and can mislead them on where the real support, resistance, and trend lines actually are. For macro analysis, I want the chart that shows the structure most accurately, which are the symmetrical triangles, ascending triangles, and falling wedges that I look for over multiple years. For me, that’s log scale. #Litecoin #LTC #Crypto #CryptoTrading #TechnicalAnalysis #LogScale #Fibonacci #FibExtensions #Altcoins #CryptoCharts #PriceAction #MacroAnalysis #BullMarket #CryptoEducation #MarketStructure
Eric Van Tassel (Not a Financial Advisor!)Share


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