Bitcoin has built a bearish mega head and shoulders (drawn in blue in the chart). Near the right shoulder, at the May 19 low, there were very high volumes (indicated by the red hand in the chart). This is a clue that a MEGA bear trap may be underway. It will be the next few days that will tell us the truth. Watch for Monday, June 29. By that time we should know...
In the last week, the ratio EosEth reached his first target of the decline started on April 15th. Now, from this level, Eos has a chance to recover, starting a new leg up in its relationship of force against ether. But if Eos will lose the level that is drawn with the red trendline here in the chart, then a chasm will open. The recovering of Eth against Eos...
If you are looking for proof of the existence of cycles into the markets, this chart should help you to find the magic. You will find more on my new telegram channel: t.me Per Aspera ad Astra Roy Reale
The December hike on bitcoin stopped on the descending trendline that forms the bitcoin bearish channel of 2018. Before to start screaming to the final bottom, maybe investors should wait for bitcoin to recover that blue channel. Per aspera ad astra Roy Reale