There was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase.
However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore.
Hell, I can't even make much sense of those indicators. Maybe there...
The title really says it all. Just something I noticed. Few coins' price increases correlate so strongly with both steep increases in CMF, especially when the .2 barrier is broken.
I won't claim bitcoin will see a new ATH in the next month or two, but this is one of the few indicators that seems to be turning bullish again.
Keep in mind that the weekly MACD is...
I've been clicking through all tokens traded on Bittrex today and would like to bring your attention to one coin in particular which hasn't been analyzed on
tradingview in recent times. I am talking about DCT/DECENT.
Fundamentals: Shit.
That being taken care of, let's look at the daily chart against BTC:
When the price bounced off the lower Bollinger Band...
Hey everyone!
This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other:
The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart.
What worries me the most are the insanely low support levels...
