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Regression

Learn to Read Charts (Regression & BTC)✅ What is Regression? Regression is a statistical method used in finance, investing, and other disciplines that attempts to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables). The general form of each type of regression is: Simple linear regression: Y = a + bX + u Multiple linear regression: Y = a + b1X1 + b2X2 + b3X3 + ... + btXt + u ✅ We can use linear regression in both Bullish and Bearish markets. All you need is the center and you can easily find the tunnel (channel) for forecasting. Also, you shouldn't let the noises distract you because they might make you misread your highs and lows. In other words: The tunnel (channel) of your linear regression works as dynamic support and resistance. ✅ TradingView lets you use the Regression Trend for fast and easy forecasting. You can find it in the toolbar beside your chart.
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by ShawnMCR
10
Oil- long position triggeredPrice has found support at above neckline of head and shoulders (H&S more apparent on lower timeframe but easily seen on rsi). Rsi also find support at neckline. (You can read Rsi same as price action in most cases). Now middle of regression line (dashed black line)is support. Green arrow is proposed path to 1st target and second red arrow proposed path of breakdown of up wedge Also see link for details about long trigger Please give thumbs up if you find this interesting.
NYMEX:CL1!Long
by UnknownUnicorn11430563
9
BTC: Daily - Buying the dipFor those bullish on bitcoin and wanting to buy the dip, you now have a window of opportunity. It's unknown how much longer this will last, but HODLer's always win in this game. Ichimoku indicators are all bullish (white line above price, blue over red, and price above cloud.) There is no significant weak spots in the cloud (green shaded area). 40-45k seems to provide the best support areas with that being 50% and 61.8% retracement levels. These retracement levels also mean a longer consolidation period for dip buying. The regression trend (blue and red shaded area) is strong at 94.4% and shows that a correction will likely end around the bottom end of this channel. It also lines up with the bull trend line (thick blue) and should be monitored closely. Any big break on the downside of the cloud and bull trend line could indicate a move into a bear market.
BITFINEX:BTCUSDLong
by ArchersWingman
Bitcoin regression to hit $1-5 million within 12 years Was Jack Dorsey correct in predicting "bitcoin would likely become the single global currency within 10 years, “but it could go faster.” back in 2018? Trolololo's famous 2014 regression predicted a price of $100,000 for bitcoin by July 2021 after correctly predicting a price in excess of $10,000 in 2017. The $100k target remains to be achieved, but seems likely based on current trends and momentum. Bitcoin logarithmic power law predicts a Bitcoin price by 2032 of at least $1 million and as high as $7 million by 2032, which would put bitcoin in a similar ballpark in terms of total market as of Gold. Based on "final" destinations and measuring the power law channel based on previous tops, a high of between $95k-150k is possible to estimate for the current halving cycle, assuming the cycle high is complete before the end of 2021, with a cycle low excpected between $20k and $50k before 2024.
BNC:BLXLong
by Johnnysharp
Short ES on center regression channel. If ES breaking below central regression channel (white solid line) then go short on retest of white line. Look at confirm indicators. Headed below ATR (green line) Rsi to break below 50. Be careful though because this is a line and could go long again. Only enter if 4h tf low is below center white line. Otherwise you do not enter. If shorting but turns to be false breakdown then do opposite and go long. Because then I think we go to again new all time high.
CME_MINI:ES1!Short
by UnknownUnicorn11430563
5
ZUO Daily BreakoutZUO is beginning to breakout on the daily chart from the long term bearish trend line (purple) after crossing over the 200 period MA (yellow line). There is plenty of support from ichimoku clouds (green shaded area). The regression channel (red and blue shade) shows a 96% correlation which indicates this is a strong bullish trend (thick blue line). Bulls should be looking to buy on a red day that comes close to this trend line. The next key level of resistance is around 17, and should be monitored to see if the price can successfully break above. Historically, ZUO has played in very tight range bound areas.
NYSE:ZUOLong
by ArchersWingman
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
You are so beautiful , to me BAT/BTC #crypto $BATHere we have our Bat bitcoin pair on a 3 day chart .As you can see Bat broke down from that channel it had been in and had a hard dip down as most alts did when Bitcoin pumped over 15 k yesterday making a new yearly high . The rsi has also bottomed out here and I have to say this is looking beautiful to have probably a 100% rise ,in my opinion . Now sitting at 1296 sats and looks like it should easily come up to the bottom of that pitchfork near 2000 sats ( the blue area above our current price . ) But we could also easily go up to that red heart on my chart which is the bottom of that Ichimoku cloud near 2700 sats . That would be over 100% from where we are now but either way it's a good return . First we need to break out of this regression channel we are in ( this downward channel we are in ) we need to find bottom and then start to turnaround and break upward but it is looking highly likely . If we break through that Ichimoku cloud we could see more than 2700 sats but I'm not necessarily expecting that . Such a beautiful chart ....
by shimmeringpath