🔴 KEY POINTS: - RSI is strongly overbought - Momentum hit RSI Resistance - Price Action hit Channel Resistance - Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance - Chart Pattern: This Technical Indicator Variation worked 100% in the past
We've opened a second BTC short. This time all-in.
First BTC short: Linear Regression "Short" 🔻 Bearish Divergence, Overbought RSI ETH short: All-in Short 🔻 Double: RSI Resistance, Channel Resistance
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💸 Our BNB-USDT 🔻 Strong Dump / Fibonacci Revenge entered profit. It's a zero-risk ride from now on. See RELATED IDEAS!
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Our Ethereum idea is already profitable: "All-in Short 🔻 Double: RSI Resistance, Channel Resistance" Go RELATED IDEAS!
As we predicted, the Price Action attempted to break up, but there wasn't enough Momentum to stay above the Resistance Line. We've seen a Volume Rejection, and Bitcoin continues its way downwards.
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Congratulations on your profitable position if you follow this Idea! 💸 Trail your ROI wisely.
I put up a plausible counter argument and you removed it xD
Elysian_Mind
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@ShanesNotes, We destroy everything that stands in our way.
ShanesNotes
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@OXY4TRAD3, good luck with that
Wayne-o
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I've not seen a decent linear regression model for trading, what's the training data set ?
Elysian_Mind
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@Wayne-o, Exchanges (Okex, Binance, Bybt...) publish their top traders' data (average margin used, sentiment, puts/calls...), and these are what we merge with TradingView's built-in Linear Regression (LR) algorithm.
As we predicted, the Price Action attempted to break up, but there wasn't enough Momentum to stay above the Resistance Line.
We've seen a Volume Rejection, and Bitcoin continues its way downwards.