We very recently broke the trend line that has been forming heavy resistance since the beginning of June 2017. It looks like ETHBTC will be up for a huge run up. Let's see how this idea ages
I noticed something extremely interesting about this BTC chart. After every bear market, the price of BTC moves up to the 50 week MA and gets rejected. It fall back to the 200 week MA and bounce off. The interesting thing is the relation between the RSI resistance and the 50 week MA resistance. It is about to happen exactly the way it happened in the last 2 bear...
After this small run from BTC up to 3950 we hit a major resistance level. Also, we are very high on the RSI which might indicate BTC will go on its way down again. However, if BTC manages to close above the yellow resistance line on the weekly chart, we will most likely retest this yellow line to see if it holds as support. If so, this might be the end of the BTC...
In the chart you see XRP is forming some sort of a symmetrical triangle. Till now, everytime we hit the support levels on the blue line, we get a big spike up.
While in my opinion the cryptospace is tied to BTC (to a certain extent) I always look at the BTC chart first before looking at alts.
With BTC holding support on the 200 weekly moving average the...
Comparing the 2014 and 2018 bear market we see a astonishing number of similarities. This is a scenario for a possible bottom. I expect BTC to have a 'short term' increase first, before heading towards its bottom.
If price comes down to this 2100 level with high volume it might reach capitulation and go into a consolidation phase just like we did in 2015. If...
