We've been in a bear market so long that it's hard to see when we're rolling over to the upside so I just flipped the chart. We've been using the EMA's as nice support (resistance on this chart). A strong break of 4k = a move to 5K IMO. Good luck bears
The monthly chart shows some signs of bottoming: 1) Daily MFI is green for first time ever 2) RSI bounced off all-time lows and turned upwards 3) Stoch is grossly oversold and about to cross (unconfirmed) 4) Bullish engulfing monthly candle We also have fairly bullish fundamental news recently and an uptick in BTC google searches. I think 2019 will be a good...
BB Width has never been this low, got a nice fractal and general bullishness from ALTs. With XRP leading the latest ALT run-up, my guess is this breaks up to lead 2nd half of this ALT season.
The divergence is off the charts and quite oversold. I don't care about the fundamentals, the chart pattern is repeating itself (see Sep/Oct 2017). The R/R is absurd. No other technicals needed.
I think we bounce here, many momentum indicators are extremely oversold on the daily, stoch RSI and stoch are crossing over. Daily RSI & MFI have cooled off. We've retraced to the .618 fib, touched an important previous resistance. If we do bounce, we'll see the daily guppy go green which could also signal the start of the next bullrun. If we don't bounce here,...
If you're long, I think we have some strong resistance ahead/a lot of trapped top long fomoers. Would be a good spot to hedge right at this resistance.
Funding Color Coded Over Time
Funding color coded throughout 2018 on mex