why just BTC? the entire crypto world shows long bias since its creation just manage your downside properly and let trends run.. momentum for some pairs is huge despite btc does nothing dca style drop buying systematically makes sense to me
What's with eye roll each time? Do you know what LinReg lines are and how they are calculated/plotted, guess not? Well similar to BBands the volatility factor can be modified to narrow or widen the area they cover. So I went back into that chart and changed setting from default 2 standard deviations to 1.618 and wah lah:- Everything else as it was. Curve-fitting in hindsight is truly amazin'.
So, in your mind, changing the parameter from 2 to 1.618 is curve fitting? (sorry, couldn't resist ) I think you should just continue using 1.618, because 2 looked awful.
Just wanted to share that I changed my mind after we failed twice to make a new low overnight. I'm now net long for 23k as first price target. Green box is basically my long entry. I was aiming for a new low, but 20k is far from being a price target for me yet. The failures last night to break to a new lower level made me take the opposite position. It's still a 6.0 Risk reward for the 23k price target.