Yellow: 2018 highs and lows adjusted to ignore “hysteria” movement.
Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria).
As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the only) sign necessary for a bull run. If it continues to slide down, that means the bull saw his shadow, 6 more weeks of winter.
Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria).
As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the only) sign necessary for a bull run. If it continues to slide down, that means the bull saw his shadow, 6 more weeks of winter.
Comment:
Correction: ETH, NOT LTC
Don't be so surprised. This is further proof of how much the crypto market depends on Bitcoin, because BTC is very close to a major resistance point. Very VERY few coins have active volumes. The market is holding its breath, all eyes are on the lead coin right now.