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Regression

Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds. Below 17300-17400 range nifty is likely to fall aggressively
NSE:NIFTY1!
by OK_Rane
Power Function Regression of Bitcoin Tops and BottomsThis is a power function regression of tops and bottoms. There is a separate regression for open, high, low, and close values for tops and bottoms. There is a separate regression for each possible iteration of bottoms ( both bottoms of a double bottom, only the lowest bottoms of a double bottom, the first bottom of a double bottom, etc.) The green circles show which data points were used for the regressions. On those days, all OHLC values were used to perform separate regressions. All power function regressions returned R^2 values over .97, with the vast majority being >0.99 The upper regression lines accurately predicted both tops of the recent cycle. Note that those data points were NOT part of the regression, showing the tremendous predictive potential of this method. The lower regression lines have a wide range due to the multiple iterations of regressions performed. Despite the wide range of the bottom regression functions, none of them indicate that the current cycle has reached a bottom. The equations for each regression can easily be viewed in the script.
INDEX:BTCUSD
by MarkLefevre
BTC Bottom Around $11,000A lot of people have asked “Where is the bottom for Bitcoin?”. Of course nobody knows for sure but it is fun (and arguably important) to speculate. Here I’ve plotted the BTC price since several months prior to it’s parabolic run in fall 2020 to the present. I’ve added trend lines to smooth out the data and used linear regression channels to highlight the up trending and down trending time periods. The transitions between an up trending environment and a down trending environment are given by the blue vertical lines. The take home message is that we might see BTC bottom around $11,000 around Oct 2022. This corresponds nicely to the price observed prior to BTC’s parabolic run in fall 2000 and also corresponds quite nicely with projections made with the Phoenix Ascending indicators.
BITSTAMP:BTCUSDShort
by Eightchains
2
🚨🚀💩Which Scenario Seems More Likely For $BTC?#Bitcoin has been following the same regression curve since its conception. If it's to be believed that this curve will truly last forever, then #Bitcoin will also just be hurling towards its inevitable death spiral down to zero. While there are probably a select amount of people that still think this is possible, I personally don't subscribe to that theory. This means that $BTC will have to break out of this curve. If that happens, the highly sought after "S-curve" may occur, bringing on some very extreme, exponential growth for the price. The dotted, upwards-trending curve shows the possible price support that may shift this curve to invert the regression. An accurate bounce off of this yellow curve may just signal the inversion of the curve. **This is all my own personal opinion, based on chart data. This is not financial advice.**
BITSTAMP:BTCUSD
by DoozerInvest
1
Outlook for the Year and the Years to ComeTheoretically, the price of oil should keep going higher as the finite resource is being vehemently overused. Yet, somewhat paradoxically, the advent of alternative energy could produce the opposite effect. Between those two dynamics lie the supply-and-demand pump of the oil states, tweaking the price higher and lower as it fits the pockets of the developed world. The chart shows that oil rose from the ashes from 2016, which coincided ever since with the rise of the markets to the point of hyperinflation last year. Now as the economy is falling down, oil took an adverse course, partly due to the war in Ukraine, but largely due to the status of inflation. Politically and economically, the outcome doesn't seem to change soon. Mathematically, this is also confirmed. The orange line in the chart shows the bisecting trend line which was crossed decisively this year, marking it more likely that prices would stay on the higher levels for some years to come. Regarding Fibonacci levels, the higher point for this year seems to be around 140, to be surrounded by a relative ease in pricing, provided that nothing substantial happens at the macro political level.
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by MontyMacht
Bitcoin how far down could go or is the trend to be broken?Looking at a linear regression channel it appears Bitcoin is getting oversold at the lower 2 standard deviation band. It should easily find support at $36.5 - $37k the ranges it is now if it will trend lower. Charting a potential upward trend in a ghost feed for illustration purposes. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITFINEX:BTCUSDLong
by CarpeMomentum
Better days for Coal India ahead!This stock is often overlooked It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well. It seems it is time that we get our eyes on this counter again The line drawn in the chart is a regression line for Coal India. It is downward sloping currently. But notice that price has closed above the regression line on the weekly charts. If we see the last 4 candles on weekly charts, we observe this:- - All four are green candles - Body-size of candles in increasing (getting larger and larger) Bollinger band expansion bodes well for the stock in the near term. Volume: If we see the past 2&1/2 -3 years volumes, they have been much higher as compared to the periods prior to 2018 Another way to convey this volume strength is that "long-term volume averages are at/around lifetime highs" Recent Coal Shortages, elevated coal prices, prevailing inflationary trends are also tailwinds for the stock **************************************************************************************************************************************************************** ABOVE VIEWS ARE PERSONAL. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING I AM NOT A SEBI REGISTERED ADVISOR ****************************************************************************************************************************************************************
NSE:COALINDIALong
by Samyak_Shah
Fib. channel fitted on linear scale and a 20W extension20W moving average (and a white shadow of a 21W EMA) has historically indicated a good near term cost basis. With a fitted fibonacci slanted channel (and more-or-less randomly extending the 20W average) we can plot a possible path for BTC, dancing between past fib level trend lines for resistance at important price levels, while also holding support at this imagined 20W SMA extension. Of course, depending on the weekly close, this can breakdown form 20W SMA, in which case we continue our crab, I think.
BINANCE:BTCUSD
by umutbilgicapple
Sum of all FearsUpdated Wyckoff Distribution Pattern from last years chart. I think this week in crypto it will punch down to the SOW - Sign of Weakness. The weakness is likely to be a result of all the financial sanctions against Russia and their exclusion from SWIFT. Over the weekend there was turmoil over the situation in Ukraine. Russia didn't open their markets for fears it would crash. As asset managers try to reduce exposure to the increasing Russian sanctions, I think there will be some liquidations that will punch through this 2 year regression trend and punch out a new low support for crypto. next 24-48 hours will be key as markets digest the Russia/Ukraine situation.
by SPYvsGME