NYSE:WWE is media company that produces and markets TV and Pay-per-View live events. This stock really doesn't care about what the SP:SPX is doing. Today is breaking out its regression line, it could be actionable but with a small position. For me the pivot buy is at $73.40 with a target near $100 as is its highest high. Let's wait and see.
Downtrends and uptrends in BTC show similiar Regression Trends.
$AMD has been in a downward trend since the beginning of '22. Reaching the its nadir in the beginning of July. As we approach that low again, confirmed by oversold RSI, look for a possible rebound back to 0.382 on the fibonachi ($84) off the August high.
After 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...
Potential local bottom around 18k-18.5k. We've seen similar 3-part regression trend in recent sell offs. Hoping for small bounce before realizing true bottom. My guess around 12.5k is where we'll end up.
A 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...
#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...
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...
Lots of confluence at the 3900 and 3000 levels; 3900 is at the .382 and the regression trend midline with a monthly + VAH just below. We see 3000 line up with the .66 retracement, another monthly level and the bottom of the regression trend.
Updated 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...
I was wondering if there was a way to calculate Pearson's R for pitchforks like it's done with a regression trend, and if so: is there a way to implemented it already on TV.
Earlier in the week we saw ETH broke through the bottom of the long term regression channel that goes back to December 2020. I believe this to be a bullish sign, with selling pressure finally alleviated. I've drawn a very short term regression channel just to visualize the 5 days of bullish price action that followed. We see that RSI is turning up, as well as...
I marked a significant zone and did not see any solid pivots for a pitchfork but noticed a few reversal along a centerline so I used the regression trend tool and extended the upper and lower deviations to 3/-3. After placing the channel the centerline is not as visible as I thought. I'm mostly experimenting with the regression trend and watching for now.
After an unprecedented profit-taking surge to liquidate $2.6B in longs over the past 12 hours, we might be asking if ETH will ever break $4,000 gain. But if you accept my theory that there is a natural regression channel that ETH has been following all year, this drop today seems perfectly within balance to keep the price moving toward the mean. While we saw a...
Shiba still in uptrend, don't panic to sell, it will go all the way to the new ATH!
Here we see our FET 12 hour chart and boy we see quite a pullback ! We're now under 1400 . But if you see those black lines on my chart it does look as if we are forming a symmetric triangle shape . Now a chart pattern like that can break upwards or downwards - and by approximately the same amount as those purple lines show (which is the length of the rise near...
Don't ask me why, but tomorrow between 04:00 and 10:00 UTC it's going to go down further. This is not an analysis which you should build an investment upon. We're on the way down for a little while. Call it a correction or a beraish phase. RSI (1h) is going back to the middle of the band, and it's going further down when it reaches values between 50 and 60, I...
New banking regulations in EU and elsewhere combined with QE punch bowl drying up is taking wind out of the sails of the Financials. XLF appears to be struggling at the mid-line of the regression channel again! Potential 4th failed attempt to cross midline unfolding. Similar chart pattern last July into Sept, which resulted in a ~10% sell off. Bearish...