ShawnMCR

Learn to Read Charts (Regression & BTC)

Education
BINANCE:BTCUSDT   Bitcoin / TetherUS
✅ What is Regression?
Regression is a statistical method used in finance, investing, and other disciplines that attempts to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables).
The general form of each type of regression is:

Simple linear regression: Y = a + bX + u
Multiple linear regression: Y = a + b1X1 + b2X2 + b3X3 + ... + btXt + u

✅ We can use linear regression in both Bullish and Bearish markets. All you need is the center and you can easily find the tunnel (channel) for forecasting. Also, you shouldn't let the noises distract you because they might make you misread your highs and lows.
In other words: The tunnel (channel) of your linear regression works as dynamic support and resistance .

✅ TradingView lets you use the Regression Trend for fast and easy forecasting. You can find it in the toolbar beside your chart.

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