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Regression

Ethereum's Correction Already Bottomed Out? The price of ETHUSD recently corrected itself to the 23.6 per cent Fibonacci retracement level at 2466.11. The subsequent consolidation of the price action around this resistance-turned-support indicates that the correction may have already bottomed out. Even still, it should be noted that this is the first time that the price action is probing the lower limit of the regression since the beginning of the last upswing. That is why if the price manages to break down below 2466.11 decisively, the dropdown could then be extended lower towards the 38.2 per cent Fibonacci at 2321.72. More risk-averse bulls could look for a chance to enter long there, whereas less risk-averse bulls could do so around the current spot price. Once the price action manages to break out above the last swing peak at 2650.00 decisively, bulls could swap their fixed stop orders for floating TPs in order to squeeze the maximum out of the remainder of the upswing into uncharted territory.
BITSTAMP:ETHUSDLong
by Trendsharks
Bullish- Long PlayAfter consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries. Bullish PT1- $274.79 PT2- $283.67 PT3- $290+ Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish . PT1- 260.77$ PT2- $270+ (Boxes are RSI based Supply/Demand zones)
NASDAQ:SEDGLong
by jacobosiason7
4
AXS - Big PictureAXS doesn't have enough data to provide us with the best information to put a long-term analysis. But let's do our best here: As you can see the price consolidated for so long that the Bollinger Bands squeezed for a great breakout and it was amazing. it broke out too many resistance areas and the key resistance is what I put on the chart. THe pice might go back to that area for some correction, and might turn that area into support. Overall, it's a good project. Good Luck Tell me your ideas. Like and Share
by ShawnMCR
2
💣Double Head and shoulder pattern on BTC💣Still, I think that BTC needs time to start again (UP UP). What is your idea? 🧐 Bitcoin Analyze (BTCUSDT Perp) Timeframe 15min ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it ( Down ), and now BTC is running at Range Channel (Between 37680$ and 36070$ ) for more than 2 days , after it did Pullback to the lower line of our triangle. In this area, we have a Resistance Zone . Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 ( 37678$ ) + Cluster of Fibs . Also, I found Rising Wedge Pattern ( The wedge broke down ) + Big Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder) + Small Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder). My Suggestion : we can wait for breaking our Necking lines (to down ) == Triggers Take profits for Short Positions: Take Profit 1 : 35200$ ( Small Head and Shoulder' Target )== Reward to Risk(RR) is Not Suitable ❌ Take Profit 2 : 33950$ until 33480$ ( Big Head and Shoulder's Target+Weekly Support 1 )== Reward to Risk(RR) is Well ✅ Take Profit 3 : 32500$ until 32380$ ( Support Zone )== Reward to Risk(RR) is Perfect ✅✅ Stop Loss: 37520$ ( Over Right shoulder of Small Pattern ) & 37820$ ( Over Right shoulder of Big Pattern ). Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6
📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉Hi, I hope that u have a great day. Bitcoin Analyze ( BTCUSDT Perp ) Timeframe 1h ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle . In this area, we have a Resistance Zone + TRZ (Time Reversal Zone). Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle . Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence ( HD- ) between MACD and Price , Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards ). My Suggestion : We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down). Take profits for Short Positions : Take Profit 1 : 33480$ ( Weekly Support 1 ) Take Profit 2 : 32500 $ - 32380 $ ( Support Zone ) Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
7
ETHEREUM - Coil or Triangle, Regression or AccumulationTo draw a fractal with most touches, ETH can be seen to be in a tight coil currently. A quick browse on TV and many publishers have been showing a horizontal top to this current pattern to form an ascending triangle. Without considering volume, if that were true then this would probably be an accumulation pattern with each successive touch weakening the upper trendline. However that is not what is happening. Each bounce has retraced just past 0.886 retracement which means price is regressive not accumulative. ETH price is certainly interesting how it coils in this way - holding a very narrow price band. Tightening price leads to explosive impulses with buyers and sellers becoming trapped and pressure building. This may be similar to the trapped price of SOW / AR - See my Wyckoff thread for details. Expecting an explosive move to the downside after price drifts sideways. Not advice.
BITSTAMP:ETHUSDShort
by dRends35
23
Major Sell Opportunity for the Upcoming WeeksThe regression trend of the past 3 years is shown with a clear tilt towards the south. If I had included a few years before, it would have been even more tilted. Currently, we are still near the upper bound despite the previous down turn, which suggests that the pattern from last year should repeat, especially that there's a strong Bollinger Band squeeze int he daily chart, which suggests an imminent major change. Also, RSI is relatively high, which means there is large room for going south. Moreover, Fibonacci time intervals coincides pretty perfectly with the 3 highlighted peaks which hit the resistance (upper green line) and rebounded heavily downwards to the other end. This time, I expect the same since it is also supported by the aesthetic analysis of the spirals. One more point to support this position: in an event of a market crash, CHF rises heavily, and since I am expecting one in the coming weeks, I also expect the move south to be as quick as indicated in the forecast panel. It is also a safer hedging strategy. In case it doesn't go all the way south, a TP around 1.215 would be a backup plan.
Short
by MontyMacht
BIG BITCOIN FALL? 🐻 ☠️Hi guys, I know most of y'all had a probably shocking week weekend (including myself). ⚠️ We saw almost a huge fall in crypto and especially Bitcoin, but should we really be concerned and worry for the future of the market? 📍 If you are a trader and not a HODLer you should always have a Plan B, both the bear and bull market can be profitable if you know how to deal with your feelings. ⚠️ As a trader you shouldn't really care about the stock and/or crypto asset itself, you should focus on making profit and know how to deal with possible chaos. 📌 In this long term regression Bitcoin's indicator we can clearly see a possible threat to lower prices (23k-25k), however the top of the channel wasn't touched and it can be hopeful statement. ⚠️ Please keep in mind that breaking 30k strong support is not as easy as it may seem BUT EVERYTHING IS POSSIBLE 🧐 But how can we understand if this support is breakable or not?
BNC:BLXShort
by C_EWAVE13
6
Using Linear Regression ChannelsLinear Regression Channels are a great way to identify potential key levels of future price action by graphing the normal distribution of a trend. When using the Regression Trend tool (located in the drawing panel under the “Trend Line Tools” group) two points on a trend are chosen, generally at the beginning of the trend and the end of the trend. When the two points on the chart are chosen, the normal distribution of the dataset is calculated between the two chosen points and displayed in the form of a linear regression channel. The center line in this channel is the Linear Regression Line or Mean, and the upper and lower lines are the Upper and Lower standard deviations from the mean as set in the tool’s settings (default settings are +2 and -2 standard deviations from the mean). The correlation of this linear relationship is displayed as Pearson’s correlation coefficient , or Pearson’s R. This can be displayed or hidden on the chart by selecting it within the tools style menu. Pearson’s R shows the strength of the correlation as well as its direction, with values moving between -1 and 1. As Pearson’s R moves further away from zero, the strength of the linear relationship between price and time increases. When using the Regression Trend tool, Pearson’s R will always be set as an absolute value (positive), but the direction of the trend can be visually identified. Mean reversion When a regression trend has a high correlation, this is due to the consistency of price action laying along the mean (center line), with fewer points moving above and below the mean line to the upper and lower standard deviation levels. One way to trade using a linear regression channel is to trade the price action as it moves away from, and back to the mean. As this tool is used, it is important to note that a channel graphed containing more bars and having a high correlation is more likely to have price continue in that trend than one that is graphed with only a few bars and having a high correlation. The length of the trend should be considered when trading these channels. With the Regression Trend tool, you can start utilizing statistical analysis in your trading strategy with only the click of a few buttons!
NASDAQ:QQQEducation
by TradingView
53
BTCUSDT - What will happen? Let's find out! (Bitcoin)There are 3 possible scenarios: 1. Alt season 2. Consolidation 3. Breakout Alt season: The more the BTC dominance falls, the closer we get to the alt season. in that case, it will be time for altcoins to play the market and we will experience heavy pumps by backed coins such as ETH, TRX, XRP, BNB, and so on. Consolidation: if the dominance stays the same we will experience a period of consolidation, which builds up the price by adding volume to the foundation and leads it to a strong pump for re-testing the resistance area. Breakout: This might be manual. because no logical signs are backing the idea of a breakout! the price has already broken down the regression channel and even though we might be in noise right now, I still can't find any other reason for a breakout. no indicator or analysis shows any signs right now. And by "manual" I meant the word of powerful individuals on Twitter. Also, The strongest Support area we have right now based on Fibonacci is $50K. and the next local resistance is around the $56K - $57.7K area.
by ShawnMCR
4