Se7enSkies

Logarithmic Regression Trendline

INDEX:BTCUSD   Bitcoin
The principle of logarithmic regression trend doesn’t lie as long as it is drawn properly. My regression trend lines have a degree of uncertainty and I don’t think the margin of my error is more than 20%, which is enough for me to trust this trend. This chart pattern is simple mathematics yet we see many people analyzing BTC assuming it’s a linear chart. We’re not dealing with a linear chart. This logarithmic trend says buy at the bottom of the channel and sell at the top, but the vast majority of investors overcomplicate matters and can’t imagine that investing can be as simple as this trend as long as the knowledge is mixed with patience. We all say buy low sell high, but this principle can enlighten us about the highs and the lows of market cycles.
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