/biz/ - Business & Finance

>>51367115
Possible but unlikely. I attached a pic (not phone friendly) of the kind of chart I use to trade price extremes. The red and green dotted line represent 2 standard deviations, the yellow dotted line is the mean. BTC is currently at a relative extreme in the daily frame, the market seems to agree with the formation of that doji. I would be looking for the price to be moving back to the yellow dotted line and maybe even the green dotted line.

Without doing any volume or order flow analysis I would attribute this most recent upwards move as short cover/squeeze. On the daily you can see a move from -2 STD to +2 STD in 3 days, that's pretty fast considering recent history.