First, I've never seen anyone do a chart like this, and maybe theres good reason. A linear regression should provide a logical trend line. Also, I like to do things a little differently to provide a different perspective that may be helpful.
Looks still in a bear trend, but were inching out of it. Each downtrend has shown less regression. Bulls should hope that after the next dip, they can peak out of the running average regression (ATH to whenever that is). Anyways, maybe another month of this shit.
Big regression shows ATH to today. Looks like there will be a little more downtrend. If i had to guess maybe back down towards 7k.
Looks still in a bear trend, but were inching out of it. Each downtrend has shown less regression. Bulls should hope that after the next dip, they can peak out of the running average regression (ATH to whenever that is). Anyways, maybe another month of this shit.
Big regression shows ATH to today. Looks like there will be a little more downtrend. If i had to guess maybe back down towards 7k.