Updated

XBT - BITMEX

Trend Analysis & Standard Deviation:
Rounded to Nearest Dollar, or Whole

Dates: 01 March 2017 - 23 May 2018
This Analysis comprises three upward trend channels:
Trend A: Upper Channel - Resistance Level
Trend B: Middle Channel - Resistance Level
Trend C: Lower Channel - Support Level

Dates: 01 March 2018 - 23 May 2018
Days = 84 Days
Average Daily Price = $ 8 592
Std Deviation = $ 1 113
Liquidation Limits 1 : 68% Probability $ 7 478 - $ 9 795
Liquidation Limits 2 : 95,5% Probability $ 6 366 - $ 10 818
Liquidation Limits 3 : 97,7% Probability $ 5 253 - $ 11 931

Magnified:
Cycle 1: 05 April 2018 - 05 May 2018
Trend: Upward
Days: 31
Average Daily Price = $ 8 415
Std Deviation = $ 1029
Liquidation Limits 1 : 68% Probability $ 7 368 - $ 9 444
Liquidation Limits 2 : 95,5% Probability $ 6 357 - $ 10 473
Liquidation Limits 3 : 97,7% Probability $ 5 328 - $ 11 502

Cycle 2: 06 May 2018 - 23 May 2018
Trend: Down
Days: 28
Average Daily Price = $ 8 583
Std Deviation = $ 524
Liquidation Limits 1 : 68% Probability $ 8 059 - $ 9 107
Liquidation Limits 2 : 95,5% Probability $ 7 535 - $ 9 631
Liquidation Limits 3 : 97,7% Probability $ 7 011 - $ 10 155

Note: The Standard Deviation on the Downward cycle - $524 is smaller than the Standard Deviation of the Upward Cycle -$1 029.
This is indicative of an upward trend.

Note

PRICE MOVEMENT:
05 April 2018 - 05 May 2018
Days 31
OP: $ 6778
CP: $ 9 811
Move: 45% Up

05 May 2018 - 23 May 2018
Days: 29
OP: $ 9 811
CP: $ 7 503
Move: 24% Down

Predication:
Upward:
Buy +- $ 7300 - $7400
Sell +- $ 11 300
Days: 31 Days - 24 June 2018
Note Resistance - $ 9975 - $10 000

Note

Expected Margins:
Sell Range 1: $ 9 975 - 26%
Sell Range 1: $ 11 300 - 53%

Note

Prediction Downward:
Lowest Possible Price within a 3-5 day range, holding market constant - $7000, as per the recent 28 day Std Deviation

SDP1988

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.

SDP1988