Use a log scale and you will see that your fluctuation does not change with price. Just because you fit a linear model doesn't meaning you are modeling a linear phenomenon. If I take an average of the entire history of the price of bitcoin it doesn't mean that the price will stay on that average. Hey I fit my model to the data, so it's gotta be right. Wrong.
Of course you're right. I used the linear scale so as not to confuse people. When I do the analysis in a log scale, the indicators still stand though.
Of course, because we're using a log scale, we have to use log resistance lines. We can see the resistance going vertically down at the end of December, indicating a crossover at the Point at Infinity
, which is the only way a negative ratio can be represented on a log scale.
I hope this stifles your concerns.
The thing is almost always the price rallied a bit, someone dumped a few thousand coins killing the rally. This cannot be predicted by any technical analysis.
If it "almost always" happens, then this is a very reliable signal! This is known as a setpoint, and is included in the TRIX index which you can find on the bitcoin chart
technical indicator list. The TRIX will make people think there will be a rally, buying lots of bitcoins, and giving a lot of money to The Manipulator. A good stock analyst can however use TRIX of his own, and because of these TRIX, people will give him
money. I can expand more on that later, I'm in a bit of a hurry, since my TRIX are running out.
Good show BTCurious. I'm sadden tho smiling at your positive reception. Keep up the good work.
Thank you, kind sir. May your tradings be furtitious.
for·tu·i·tous [fawr-too-i-tuhs, -tyoo-]
1. happening or produced by chance; accidental: a fortuitous encounter.