Based on the previous cycle when BTC broke out of the big symmetrical triangle in 2020 it came back and retest the trend line of the triangle and after that it was a support rather than resistance. After that the price went parabolic and went 560% up. What we are experiencing today can be vieuwed as similar what happend a year ago. We had a descending triangle...
Explanation: The timeframe of this analysis is on the weekly. So it is based on the longer timeframe. Usually I use Fibonacci to analyse assets. Most of the time the Fibonacci retracement of a certain coin goes into a so called reload zone. This zone is between the Fibs numbers 0.786 and 0.618. But there is also a strong support level with Fibonacci numbers, it...
Just sharing my point of view of Zcash. i am just a very beginner at the technical analysis but being in the space for a long time. I did discover the bottom for zcash so now am thinking we are going to see much higher price in Zcash because i think the bull market has just been start. not only Bitcoin wil go up but also some of the best altcoins there will get...