Monday, January 10, 2022 6:49:19 AM
Now that is some pretty wild stuff. Mudrex...that is something new and different and I will check it out. I like how it segments the different coins. I know Scott has been keen on the metaverse coins for most of this latest push.
I would be happy just to gauge the actual bottom, I'm still working with the Linear Regression indicators and channels. In the charts below I am looking for the orderly crossovers of the 20-day (green), 50-day (blue) and 200-day (red) to signal the turn has been made. The rising and falling curves that are the Linear Regression Indicator are basically the concept of slope that you have worked with quite a bit. The regression channel on the chart with just ETH and BTC is a 350 day channel.
The last chart below is a quick look at the miners on a 4 Hr timeframe. Same general set up with the 20, 50, 200 Linear Regression curves with an 80-period Regression channel.
In the use of the curve or the channel a falling 200 or a falling channel is what is dominant and what all of these are not are to get out of easily. Tough environment but a slow position build from here seems worthwhile...just not all at once.
I would be happy just to gauge the actual bottom, I'm still working with the Linear Regression indicators and channels. In the charts below I am looking for the orderly crossovers of the 20-day (green), 50-day (blue) and 200-day (red) to signal the turn has been made. The rising and falling curves that are the Linear Regression Indicator are basically the concept of slope that you have worked with quite a bit. The regression channel on the chart with just ETH and BTC is a 350 day channel.
The last chart below is a quick look at the miners on a 4 Hr timeframe. Same general set up with the 20, 50, 200 Linear Regression curves with an 80-period Regression channel.
In the use of the curve or the channel a falling 200 or a falling channel is what is dominant and what all of these are not are to get out of easily. Tough environment but a slow position build from here seems worthwhile...just not all at once.
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