$BTC:2D
Updated
BTC:2D
The above linear regression channel is illustrative of 2 standard deviations up and down off the linear mean. Price has again failed to breakout above the 2nd standard deviation line.
Pearson’s R^2 is remains relatively strong at 0.87, indicating a high tendency for price to centralize around the linear mean (LM) price point of 38k.
Bearish price to RSI divergence taking form on the 1D and 2D chart (see yellow lines) indicating an increased potential for a local top to be developing which could provide the catalyst for a pullback in price and a downward reversion to the linear mean.
NOT FINANCIAL ADVICE.
The above linear regression channel is illustrative of 2 standard deviations up and down off the linear mean. Price has again failed to breakout above the 2nd standard deviation line.
Pearson’s R^2 is remains relatively strong at 0.87, indicating a high tendency for price to centralize around the linear mean (LM) price point of 38k.
Bearish price to RSI divergence taking form on the 1D and 2D chart (see yellow lines) indicating an increased potential for a local top to be developing which could provide the catalyst for a pullback in price and a downward reversion to the linear mean.
NOT FINANCIAL ADVICE.
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.