This chart shows the market cycles in each reward era, the current era is in a downtrend phase.
This phase could reach a correction of around 78% - 86%
LTC continues to be dictated by the 50MA and as we can see a possible downside leg is soon as the 50MA comes closer to become even more of a resistance.
The bear market is possibly over for BTC 1.21% . It is approaching a 6 years support trendline from who we bounced back in september 2015. In order to reach new lows BTC 1.21% has to break through 2 strong market support (7 years) since inception. The lowest point reachable without breaking the structure is 5550. It may be a good time to accumulate. October - ...
As we can see from the various ROC (9,12,18) the indicator has been really useful to spot the moves up and down, respectively whether it was breaking a trend resistance or support. we could have timely short the top in december and we will probably be able to timely spot the bottom. It looks like BTC is breaking the resistance bouncing from the support (6150). My ...
One of the most simple, basic and effective trend analysis is the volume/trend analysis. BTC shows the typical and strong exhaustion phase in late 2017, with price surging quickly and culminating in a parabolic blow off of equal proportion (volume). it can be appreciate the the similar action back in 2014, which culminated in a massive blow off followed by selling ...
Ethereum has broken trendline support and is now flagging beneath - classic bearish action. A return above the support line would stall downside momentum, otherwise the path of least resistance is down.
I'm eyeing the 340 area as first support. From these levels, that's a risk-reward of around 2.5 ...not the best, maybe a better average price can be found on a ...
Ethereum fails to benefit from Bitcoin's rally. As to what this indicates, I have no idea. It could be investor uncertainty and doubt. Perhaps money is waiting for Bitcoin to pause for breath at a higher level, before it can be re-invested in more speculative cryptos.
The trendlines for ETHUSD are easy. We are awaiting a breakout of a 6 week consolidation, of ...
The 128MA 1D has been being a good reference in the long term for Btc. The price has resistance at the triangle's lower band, this zone has confluence with the 0.618 Fibonacci level
