MARA . TA w/ Linear Regression + RSI, Supp and Res

Cập nhật
The Light pink lines drawn are considered Linear regression lines. I hand draw them with the first line originating from the weekly chart as a trend line that intersects with the most points possible. I then Find the upper and lower parts of that channel and extend those line forward and back in time over the chart maintaining consistent distance over time between lines.
I then chart price points that have had many points of support or resistance.

This does look messy. and the Linear regression lines are for planning and usually turned off.
The Linear Regression line + RSI indicator has helped clear up my chart and give me more quantitative indications to what I was manually drawing on the chart.

The last indicator essentially creates a Vix for an individual stock and helps with top and bottom confirmations within the timeframe viewed.

Bottom signal on the Linear Regression + RSI is usually when all lin reg lines are below 50 and the RSI is below 30 w/ a change to the upside on the RSI. There is also a 2 or 3 touch bounce of the RSI back into the path of the Lin Reg lines.
Confirmation can be seen in the Williams Vix printing green and at a decently high value compared to the average. Tops can be seen when the values print grey and very low value.
Bình luận
MARA on target, found support noted.
Miners Cost / BTC fell as old miners close down leaving established miners that made the proper hash investments to take market share.
Giao dịch đang hoạt động
Consolidation continues in the "Spring" area.

Macro:
BTC is expected to keep getting supply crushed. This will be good for the miners like Mara that invested heavily before this cycle.
BTCUSDChart PatternsTechnical IndicatorsmarathondigitalTrend Analysis

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