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Saturday, September 16, 2023

Zoom Out N Find Out

Zoom Out N Find Out

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

It think we over complicate things when we zoom in to understand how price goes up and down. For those who are looking at Bitcoin as an investment opportunity, then clear logarithmic regression bands are very helpful. I do not claim that my Log Reg bands are accurate. In fact I think there’s a great deal of uncertainty involved with how I’ve drawn the lines. If someone can draw these two lines more accurately then it’s a very useful signal for buy and sell opportunities. To make this more interesting we can involve Fibonacci retracement levels to more accurately analyze the chart, but it takes another analysis for me to study the fib levels and then merge that Analysis with the logarithmic regression trend to better understand where to buy and where to sell without the interference of emotion coming from the pessimists and the optimists.



source https://www.tradingview.com/chart/BTCUSD/mJbis6aq-Zoom-Out-N-Find-Out/

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