we discussed this earlier: With price relations like this (all cryptocoins) it is not useful to use linear charts. They should be logarithmic.
If you are at 4000, another 4000 is a doubling in price; if you are at 16000, +4000 is only plus 25%.
Witn logarithmic charts this is taken into account: Same vertical distance = same percent change in price. And that makes sense.
Tr8dingN3rd
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Hey Mr. O. §8-)
TNX for your comment.
Long time since our last chat...
Well, I have no exhausting experience with logarithmic charts and my Forks, only this: the bars are squeezed, and therefore not exact anymore, which is not what a Swiss Forker likes ;-)
So I stick to what I really know and what works for me.
However - Your input maybe help other technicians and is welcome at any time.
Have a relaxing evening my friend.
P!
darkandblue
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@olieser, could you please guide me on how change the charts to logarithmic in tradingview
Tr8dingN3rd
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At the bottom of the chart you have "log".
Click it to activate and deactivate.
darkandblue
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@Forker, thank you..and also Danke/Merci/Grazie/Grazia
Tr8dingN3rd
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hehe...your welcome...bitte, volontier, prego, Per plaschair §8-)
If you are at 4000, another 4000 is a doubling in price; if you are at 16000, +4000 is only plus 25%.
Witn logarithmic charts this is taken into account: Same vertical distance = same percent change in price. And that makes sense.