/biz/ - Business & Finance

>>14861299
3. Now to determine what happens next. Somethings i'd like to preface:
>The slope of all timeframes barring the 4HOURLY is that price distribution seems really flat recently, it started really flattening out when the WEEKLY chart began to flatten around last September. We know that if there's flat distribution you can expect high volatility and a period of consolidation, literally just waiting for further guidance for price to move in a direction. This makes sense seeing as the MONTHLY chart shows that price DID indeed revert to the mean, we know it didn't hold at that time on the MONTHLY, so we look to the WEEKLY chart to see if the MEAN is being held there, we see it is being held there.
The DAILY is compressing or beginning to compress, and compression means an eventual release of energy in x or y direction.
The 4HOURLY being ABOVE that blue line i've drawn in certainly suggests that price is still short term bullish, as that line indicates the WEEKLY MEAN which held in the most recent test of it.

It seems like if the WEEKLY MEAN can hold across all the lower time frames that we can expect another MONTHLY MEAN REVERSION where price will revert to the mean to 'hash things out' as it's the 'safest place' to make a decision. Decisions have to be made RATIONALLY at SAFE locations, and the most safe and rational location where you can expect volume/liquidity AND for people to be watching is the MEAN.
>If the blue line holds you can expect price to try and work its way through the lower quicker time frames and keep testing the means/upper 1.25-2.2 until either price is brought back up to the MONTHLY MEAN or a decision is made by participants to sell, either way keep a keen eye on key levels, mainly ~52, ~57, ~63.
>As with ANY dynamic distribution, this is of course subject to change and external influences.