Let's see how this Bullish pattern would play out or if it's applicable.
Pattern courtesy of CryptoCred and Company, pretty sweet Crypto Course.
Volatility Theory is also mixed in here. What I like about the Longest Over Expanded Period, is how well the mean lines up with the Buy Target Area of the Pattern as the mean will come up to meet price, or price to the mean of this period length. Mean Reversion is implied.
Pattern courtesy of CryptoCred and Company, pretty sweet Crypto Course.
Volatility Theory is also mixed in here. What I like about the Longest Over Expanded Period, is how well the mean lines up with the Buy Target Area of the Pattern as the mean will come up to meet price, or price to the mean of this period length. Mean Reversion is implied.
Trade active
I have changed my buy line a little to the bottom of the .78 Fib Line, as the .61 was nothing no slow selling and there is no significant response in uptick.
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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.