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Markethistory

BTC Descending Trendline Backtest is coming imoHave been following btc and relating it to previous price action of Gold and Silver futures. Cant post pics from other brokers on here and dont pay for data so you either gotta chart out /GC and /SIL or take my word for it. Previous technical action on futures let me to draw these lines on RSI which panned out perfectly a few weeks out. If tradingview was able to timestamp drawings and screenshot them I would show you. But for that I guess you also have to take my word for it. Look for rsi to flop around for awhile and then I anticipate a continuation of this relatively low volatility side-ways market for months to come. Side note, am in the process of creating some cool custom indicators to de-cluter charts and plan on releasing them open source.
BITFINEX:BTCUSD
by Gweilo
XLM: The party isn't overSo, after the hype and excessive rise of XLM/BTC yesterday, today the sentiment shifted to negativity all around. After the PBC buy alert leaked a real frenzy for the coin started, pushing it a whole 50% up, closing at 0.00000524 BTC. From this point on it dropped down to 420sat and has established a channel channel between 420sat and 450sat throughout the day. Adding to that, the returning strength of BTC/USD pushes almost all alt-coins a bit down. (Someone get rid of the Bully please) People on crypto-related social media are already calling off the pump, claiming it failed. But let's put the above chart into perspective. People in the cryptospace really became obnoxious with their constant impatient longing for pumps, profits, "the moon". Reality is, while people are already impatiently calling off this pump, it is just getting fueled. Before the huge pump in May we had a considerably similar small pump in April: which lead to a consolidation and extended accumulation frame unfolding in the massive pump of May. So what are these Mini-Pumps for? Getting rid of established resistances, testing market reactions, creating hype. The novice trader may be happy with his (at max) 50% profit this mini-pump gave him, while I am sure 90% lost out to sell the peak and sold into the accumulating strong hands in the 420sat area. The market movers are not interested in these small sum games, they will push this coin way up and let it bleed dry again. Market history, price action and the upcoming events call for a hold, aside of the usual altcoin market psychology.
Long
by PlainviewCrypto
1