While technical analysis is usually NOT easy, once in a while it can be. This chart - which shows the TOTAL MARKET CAP minus ETH & BTC - just so happens to be one of those rare cases, and some simple pattern recognition is all it requires to see the obvious similarities that exist between the two fractals/structures. Assuming the pattern holds, expect to see...
Inexplicably, upon publishing this post, the Title Chart becomes distorted beyond recognition thus, all references are to this Original Chart - below Do markets trend on the medium term (months) and mean-revert on the long run (years)? Does Black's intuition bear out that prices tend to be off approximately by a factor of 2? (Taking years to equilibrate.)...
We have said before that changing attitudes determine price and price moves in trends that tend to perpetuate. So, how can a trend be defined? Simply, it is the movement of price in an irregular but persistent direction. When you zoom out your chart and watch price movement, whatever is obvious is the trend. The USDZAR chart below illustrates some trends you will...
"We all gunna die! Listen to me" This has kept being repeated for at least tens of thousands of years. Those calls age like a fine milk, and when it does, the prophets of doom are nowhere to be found. Here are some of the most ridiculous and sad calls made in the past: > The millennium bug Also called year 2000 problem. This one is only 20 years old, but...
Just another pointless prediction, but I am often close to reality. Just experience, or perhaps logical thinking. I took a beating this season. I gave back anything I made in the spring. Why, because I am human, and my bias' clouded my normal logical thinking. I too fell into that death trap. I got out months ago, and bought real estate. I negotiated very...
- Pair neither overbought nor oversold - Recently crossed EMA (25, close) and tested as resistance - Wait for bearish candlestick
- RSI and Stochastic Oscillator indicating pair is overbought - Pice managed to close outside of recent consolidation zone but has yet to retest
- Stochastic Oscillator dwelling in overbought territory - Pair possibly in a downtrend
- Stochastic Oscillator indicating pair is overbought - Pair broke strong resistance and successfully retested, may be an indication that the uptrend will continue
- RSI and Stochastic Oscillator both indicating pair is overbought - Pair approaching strong resistance 149.5 (price has been unable to cross and close since May 2018)
- Oscillators approaching oversold territory - Price closed at previous resistance, may function as support now
- Price neither overbought nor oversold
- Price overbought on Stochastic Oscillator - Price reversed at key level (111), may function as strong resistance
- Price oversold on Stochastic Oscillator - Price experiencing instability at strong support level
- Price is oversold on the Stochastic Oscillator - Price reversed at recent low - Might form a double bottom
- Price broke briefly below EMA (25, close) and returned above, the following candlestick - Price neither overbought nor oversold
- Price neither oversold nor overbought - Recent consolidation above EMA (25, close), price was unable to break on the downside - Price is now at recent highs, could form a double top or break above zone - Price would need to close above zone on the daily or 4-hr chart
- Price approaching previous support/resistance