Miner Capitulation / Hash Ribbons has signaled a buy on daily suggesting that hash rate is stabilizing. Hash ribbons flipped a few days ago and today the SMA 10 crossed over the SMA 20 which is the secondary condition for a long. Looking at a long term scope, this strategy was supposed to beat even an early buy & hold. Mostly by reducing drawdowns significantly....
A strange case for buying Ethereum in the second week of December.
This is a bearish chart, but let me clarify that I"m still bullish, still long at $7800 and still looking for bull market to re-ignite. But is important as a trader to understand what can go wrong and adapt. What if this rally and cycle fails, what happens if mid December is the yearly cycle low? The simple answer is that we would have some very bearish...
Just a rough guess at which stage we could be right now. Btw, monthly momentum almost in positive side.
Bitcoin is a monthly and weekly bull market and currently in a daily bear move which I would categorize as a consolidation. In my early posts I was concerned that we could have topped and opened up a parabolic crash. While that is still possible, I don't find it as likely since this move has taken so long. Had we broke down last month, I would be more...
Since March of 2017 we have only seen 3 bullish crosses on the MACD for XRP/BTC 1W chart. I have circled those crosses. We are very close to a fourth bullish cross which means it is almost time to buy XRP. As you can see, the distance between the crosses is becoming longer and the returns seen after the crosses are becoming less. BUT, that doesn't mean that we...
Its the question everyone should ask and coming weeks will help us answer. This is my current cycle count in a 55 day cycle average, but since this has been so vertical, I'm still a bit uncertain if its accurate. This correction will help us get more clarity. We have a parabolic move, a big drop, a recovery to the 79% OTE, then lose all those gains in a few...
A more detailed look at our current market situation and where we may be heading.
I am in the middle of reading this book and decided to put it all together on a chart to visualize every cycle at the same time and share it with you. I see now why the 1929 crash was so devastating, all waves were pointing downward.