Utrust has rallied hard over the last month and will now consolidate before moving into its next wave.
Correlation doesn't mean causation as bitcoin has bounced off the 10000 region again but it was hardly a rally and the price was continuing to edge slowly higher before the market dropped across the board. Food for thought.
We're still trying to break through the long term downtrend line.
Are we in the midst of the 3rd impulse wave of BTCs next big move? If we can break through the long term downtrend, the sky is the limit! Or alternatively we bounce off it again and it continues...
HS Pattern? Broke through the last one though... Are you bullish or bearish at this stage? Does BTC have what is needed to keep heading north?
We have seen BTC rally hard for the past couple of months but we havn't seen a of new money enter the market. The best example of this is simply to look at the alt-coins, all of these have seen huge losses as BTC has been going up suggesting that BTCs rise is only because of money moving out of the Alt-coins and into BTC. What's your point I hear you ask? BTC...
We're still seeing lots of bearish divergence on several indicators and overbought conditions. This HS formation is a sign of a coming correction to test 4800 levels and possibly lower. We still may see it go a little higher but with so much downward pressure from the ema's on larger time frames the bulls have little chance of breaking out above the 5200 lvls.
Well take what you will from my skillful TA and nonsense but this "bull run" seems to me like a lot of bs articles proclaiming the moon and not a whole lot else. Lets see where we go next!
Downtrend still intact. Volume too small on last bullish push to indicate a bottom was hit and was quickly forced back into the descending channel. This is not financial advice :P
Verge ABC correction phase. Buy zone roughly 1050 Sats
Take this as you will, i'm pretty noob with my TA. XLM has broken both it's current upward trendlines and is slowly declining on low volume. I do wonder if the market is waiting to see what Bitcoin does? I imagine XLM to test the old 2670 resistance level and then continue upward. If it breaks this level than i think it will move back towards the recent low and...
Would love to hear if anyone has reason to believe the .382 won't hold?