Bitcoin Log Regression 👀#Bitcoin Log Regression 👀
The orange line, as in the previous cycle, offers strong resistance.
💡I think CRYPTOCAP:BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated
Key data points
Previous close
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Open
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Day's range
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Hash rate capitulationThe hash rate capitulation (HRC) indicator used in the Bitcoin Bottom Indictor (BBI) has fired. The HRC indicator measures the rate of change of the hash rate. Steadily increasing hash rate is a sign of health of the bitcoin network. This indicator uses moving averages (20- and 100-day) of the hash
Bitcoin: Higher Degree Wave DimensionsA new long-term pattern has been identified. Essentially a stretched version of the chart shown here:
This resemblance holds to some extent, as the coordinates are anchored to relatively longer cycles:https://www.tradingview.com/x/PUxSDlLx/
Publishing this one in raw form (intentionally minimal) j
Bearish Logaritmic Regression AnalysisResume
This advanced logarithmic regression predicts we are about to reach top in the middle-late June. To start a bearish long term trend.
Discussion Analysis:
To extrapolate the current logarithmic regression trend. I tried to fit a sinusoidal wave to the logarithmic regression trend. The fit
BITCOIN IS A SOLVED GAME. AND I SOLVED IT WITH 1 FIB PULLOne single fib pull to rule them all. From top to bottom in 2018 we can clearly see how many significant levels we get:
The 2.236 level gives us the first ATH in 2021. After that we face a 30% pullback.
The 3.618 level gives us the 63k top in 2021, again to the absolute dollar.
The 4.236 level give
Inverse DXY 3-months forward suggests Bitcoin top early JulyInverse 3-months forward DXY (blue) seems to guide Bitcoin, and if the current DXY low holds, Bitcoin might top in early July. This idea is corroborated by The 2024-2028 Bitcoin cycle in grey, which bottomed and topped out within a similar timespan. It is also confirmed by Lars von Thienen's observa
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Displays a symbol's price movements over previous years to identify recurring trends.