It has been a long time, that we have not seen DMI to cross up and break. If this leaning carries on and push forward until break 40k, it could be a sign of trend changing. It is a bit hard, but , possible.
Please read until the end:
If you agree with this idea, please spread that. We know these days that china, E.M etc are trying to manipulate price of cryptoes and give anxiety to this world. And also, we know they still want to decrees the price until 20k or lower. And the most important is too many of us are in loss.
The people, simple and mediocre traders, are...
Not sufficient but good to know to mix them with your own idea and decide better.
The last technical reason that I said in videos will be discussed soon( about price decrement in a long time, probably!) and I will inform you the link of that on you tube.
Good luck.
1- the last candel become a green hammer or stay as a red hammer( green is much strong to push it upward)
2- According to divergence, between price and MACD it could come back in a shortwhile.
3- RSI could be a good sign due to going down to
sell threshold.
4- Finally, keep BTC trend on your watch.
Good luck.
According to a prediction, economical bazzars will suffer a big loss around 20% if there will be no good programming for this problem.(Mark Zandi, one of the greates economists of USA).
Also, Jim Cramer( A great writer and investor from USA) has mentioned that he was wrong to say to the people choose 10% of your investment as pure gold and instead, they have to...
After analyzing with bolinger and stochastic, price decrement had happened due to not getting stable and facing with no support on 40k.
Now, this trend has arrived to its support on bolinger band and also, stochastic shows us the lowest.
About losing last resistance which has been showned in the picture by a horizontal line(around32k), one strong reason is...
If some green candles can break triangle strongly to upward we could anticipate to see a big sharp increment and then decrement because of Momentum( This indicator is going to hit its summit and that could be a sign of expected decrement.
But, the most presumable situation is coming back to the bottom of triangle once again and then, on 29-30th of Jul, according...
As MA says, it could be a change to upward. Also, cycle lines and momentum(20) show us it could be an increment.
Thick red line is pivot which means if this trend can stand on that and not break down, we can expect to see breaking 1900.
By taking a close look to USDCAD it could be understood, maybe it is time to open a long position.
According to MACD indicator, it is clear that in weakly timeframe we are going to face a trend change to upward. Also Stochastic and RSI are leading us to take a long position in weekly timeframe. About daily timeframe, DMI indicator shows a trend change and...
