Bitcoin linear 2019An idea with a linear chart as a noise removal technique.
First, let's address the term "Noise" , in a broad analytical context, noise refers to information or activity that confuses or misinterprets genuine underlying trends.
If we strictly speak in a technical context, noise is simply all the price data that distorts the picture of the underlying trend this includes mostly small corrections and intraday volatility.
This a linear chart where the price source used is the average of the four most relevant points for a given time frame.
Price source = (O+H+L+C)/4
The ellipses highlight the periods of lower volatility where the price dynamic narrowed its price range previous to a post-expansion.
In the larger ellipses, this kind of dynamic lasted around 7-9 weeks.
Note:
I find the potential of this chart for having a macro perspective.
Weekly scale ≤ recommended scale ≥ daily scale
Chart BLX weekly scale BraveNewCoin Liquid Index for Bitcoin
