Despite the rally today we are at a key inflection point where the crypto assets have found resistance at the 20Day moving average which is sloping down bearishly and all awaiting the natural wave 3 of the correction. Corrections rarely complete in 2 swings and I think we are awaiting the third leg down in #Bitcoin, and #Ethereum. However, #Chainlink appears to...
#Bitcoin, #Ethereum and #Silver all look to be heading down according to Elliott Wave Theory. After declaring myself bullish on #eth above $377 developments today point to downward momentum in eth/usd and eth/btc. Silver looks like it has a F leg to compete and could find support at $26.18 Please note the weekly Fibonacci Retrace 236 I mention at the end of the...
#Bitcoin Monthly Chart - Chaikin Money Flow working wonders as an indicator on all time frames above the daily chart. #BTC Daily #DMI - looking at the #ADX and the #DI assessing the strength and variance of the trend. #Bitcoin 8 hour chart Good Bollinger band support now and Fib 236 still resistance. #Ethereum Daily Chart - #Fib retracement 382 Resistance at...