The indicator shows a 60% probability of closing below the 40 day moving mean at 69420 for today.
Because it is not a company and nobody owns it that can enforce any kind of intellectual property on the millions of coin derivatives that exist today. Because it is not trust free since you must eventually report your "trust-less" transaction to a tax authority. It is not trust-less, but a trust-less version may be created and operated by tax authorities to...
Based on the probabilities indicator, the probability of closing the year above 5295 is 70% based on price data from the last 10 years. To get to use the correct number of years of historical data I pick the period where the green line is close to 68% (the probability of staying within bounds).
Lots going on. We may go to 4100 then down to 3500. Any breakout above the broadening wedge and we might see 4800 again, but I doubt it given the rising rates environment.
Looks like we might go up to 4100 then down to make new lows beyond 3500.
Me might go up to 300 then down to 250. I don’t see the broadening wedge breaking out from the top in a raising rates environment.
Up only from this point I think. Double bottom at around 25800 and they will soon sign the budget so it’s win win. Even if they don’t sign the dollar might dump.
As you can see from the indication the probability of closing friday post earnings below 707 is 5% and the probability of closing above 745 is 60%.
As long as this is the case, inflation will stick.
Last time things were this inverted is September 1981.