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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 fitted Sin Wave is in dotted purple color when LogReg Trend is in green (bullish) phase right now. The logarithmic regression also is applied as deviation factors in Fibonacci channel terms (green and red transparent bands in the background).
Current status: we are already in a red (should sell) Fib. area which is a high risk scenario in the Log Reg. A higher risk region would be seen if the price pass to the last red section, where we would see the highest volatility for this cycle, before sudden, sharp declines.
I don't think we will reach the highest section of the Fibonacci Log. Reg. Channels. The only way we still could get there is if the fundamentals change dramatically: If FED drops the rates, if Trump stops the market wars, etc. Nobody knows. I think that may play out maybe at the end of the summer.
DISCLAIMER
This is not financial advice. I own several cryptocurrencies. This is only my mere opinion. Do your own research!
Good Luck.
Thor.
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 fitted Sin Wave is in dotted purple color when LogReg Trend is in green (bullish) phase right now. The logarithmic regression also is applied as deviation factors in Fibonacci channel terms (green and red transparent bands in the background).
Current status: we are already in a red (should sell) Fib. area which is a high risk scenario in the Log Reg. A higher risk region would be seen if the price pass to the last red section, where we would see the highest volatility for this cycle, before sudden, sharp declines.
I don't think we will reach the highest section of the Fibonacci Log. Reg. Channels. The only way we still could get there is if the fundamentals change dramatically: If FED drops the rates, if Trump stops the market wars, etc. Nobody knows. I think that may play out maybe at the end of the summer.
DISCLAIMER
This is not financial advice. I own several cryptocurrencies. This is only my mere opinion. Do your own research!
Good Luck.
Thor.
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