View: slopechart_$BTC.jpg
slopechart_$BTC.jpg
The Angle of the Dangle
I was curious when I first joined this site when I headed over to the charts portion and noticed our benevolent leader Tim had included an angle feature along with those trusty trendlines. I have never read anything about trendline angles in any of the technical analysis books I had read, which for the record, is not many. I think I remember something about the idea when pursuing Gan briefly shortly after New Year's Eve 2000.
Technicals get a little weird (to me) when you try to invision a price that is marking all time highs.
Just happened to notice BTC went ass up last time when it decided 80 degrees was too high of a mountain to climb.
Chart is not log because the whole angle thing gets a little weird.
Saved for posterity. Maybe it is a thing, maybe it isn't...