BITSTAMP:BTCUSD   Bitcoin / Dollar
Green: lin reg of all time price action             on Bitstamp
Red: lin reg of downtrend

Assuming price is going to spend same time bellow the green line as above it, and also move the same amount (in %).
I'm using linear scaling because linear regression doesn't seem to work well on log scale.

We might see a last push towards 130 - 152             (last major low). place your bids in this range.
After bottoming expect regression to the mean (atleast).
Nice, I like how this is in confluence with other good ta which suggests a similar area
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you forgot rainbow
+3 Reply
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