Technical Analysis (TA)
The monthly and weekly was oversold and price pushed higher with significant momentum after a consolidation phase.
Retracement to $25 is expected However, the push to $30 would require catalysts to increase momentum.
We could hit $25 and then come back down or go through another consolidation phase before further upside to $30.
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Technical Analysis ( TA)
Weekly William and RSI look very oversold so I am expecting a mean reversion to at least 0.20
Daily chart is showing initial signs of the mean reversion/reversal but its not let confirmed on the reversal until we cross the 50EMA.
Price Target
Entry: 0.175 - 20.5
Target 1: 0.25 (+40%)
Fundamental Analysis (FA)
Financial...
S&P 500 IS IN FOR A DEEP CORRECTION.
Monthly SPX Regression Channel, spanning 40 years, with bands of +4/-4 standard deviations.
This is a long-term channel showing a Normal Distribution of SPX price occurrences.
At least 95% of the price occurrences occurred within the Comfort Zone, the blue area between +2/-2 stdev as it should be.
For 14 months (3.54% of...
BINANCE:ETHBTC
Using Mean Reversion to enter at oversold (Diverge to under -4000 ) ETH and sell when ETH overbought (Diverge above +5000)
Profit in USD : 22%
IN USD BTC PRICE BTC AMOUT ETH BTC PRICE ETH AMOUNT USDETH Price USD OUT
1000 41924.13 0.023852612 0.06488 0.367641983 ...
I don't know much about technical analysis yet, but I think measuring mean of price alterations during a period of time is good for future price behavior here is my simple idea:
✔ 14 hour mean, price is not even close to it yet
✔ 6 hour and 3 hour means, price is between these if goes lower than 3 hour mean then we still have the downward trend
Even deviation...
It's one of the biggest moving averages that the market seems to revert to. Just from looking at the chart this seems to be the longest a furthest stretch ever that we have been away from it. Who is ready for the mean reversion?
Momentum/Volume drying up similar to mid 2019 environment with extremely stretched technicals. Macro environment (rising rates & inflationary expectations) also stacked against stretched (especially levered) assets. DeFi growth/institutional adoption will keep happening, but BTCUSD will likely enter a multi-year correction / consolidation period.
I thought this recent move might be it, but it's not climactic enough. So continue being short but expect a retrace.
Based on long term fib level which is holding well, it'll either go down to around 320 from here, or retrace and then go back down to 320-ish. Hoping for the retrace from here, to offload at 390 to 415.
Reversion to the mean.
Mean reversion
Reason: Only possible scenario which can conjectured..
Chance of success: 65%
Entry & Risk management : to be updated
Target: highlighted on chart
RSI is on the long term support since its been in an uptrend and price is right on the 50.
Stop loss could be based on RSI breakdown and retest that puts the uptrend in doubt.
I love fractals. Here we have a micro bull flag embedded within a med. term flag embedded within a greater macro flag, wow. I called the recent btc price jump to 10k on my first video. I am calling this move to 11k. Price reverts to the mean and the mean is up not down - relatively speaking. Don't believe me, just watch.
These times are only estimates:
Target...
This looks like a nice technical setup for mean reversion coming straight out of an overreaction.
The volume by price range shows the 3 clear points with a lot of price memory. Most holders that haven't sold will feel they are owed money and be looking to relieve the tension of the loss at those points.
Back from Hols - Back to Trading - Back to Profit..!!!
Weekly (W) Chart, Post Earnings showing good Pullback towards Mid BB%.
W RSI is <10.
Looking for S/R around the 52 level.
Looking for Reversal to mean back higher.
Aiming for 52.50 /50 Put Credit Spread with 55 Calls for directional Bias higher.
Exp SEPT - As this is weekly Chart, looking to leave time to...
At the end of a major long term resistance / falling wedge / bull flag
Possible return to the mean of the downtrend channel
Could easily POP, set you sell order to catch it! =)
