When there is so much feeling and subjectivity ... MAYBE the cold and objective mathematics can help us with the trend.
Everybody talks about trends, but only a few know the mathematical trend as linear regression. This graph is the trend since 20k using linear regression.
The coefficient of determination (R2) tells us that so much prediction power has the calculated trend line.
The result is consistent with 5k support and the time to reach it.
Everybody talks about trends, but only a few know the mathematical trend as linear regression. This graph is the trend since 20k using linear regression.
The coefficient of determination (R2) tells us that so much prediction power has the calculated trend line.
The result is consistent with 5k support and the time to reach it.