I used the red bars to show the lower highs in the down trend and the green bars to show higher lowers on the trend reversal. The trend reversal looks complete and as a more aggressive trader I am close to my full position but a more conservative trader will want to see us cross the $17,250ish area before confirming. Breaking $17250 will break the last lower...
Dash has a similar setup to bitcoin. We are in the process of changing the trend to bullish. The red lines indicate lower highs and the green show the change to higher lows. Whenever I discuss technical analysis with learners I say to just focus on higher lows on longer term time frames (4hr and daily for crypto). Thats 90% of the battle. Once you get that down...
While it seems like every little coin in the cryptosphere has gone through the roof Monero has been silently (or perhaps invisible) creeping up. The golden MACD cross is upon us. The last time this happened we went up 600%. I dont expect that kind of return, but all time highs should be in the cards. We are above the 10, 20 and 50 day moving averages and rsi is at...
While it seems like every little coin in the cryptosphere has gone through the roof Monero has been silently (or perhaps invisible) creeping up. The golden MACD cross is upon us. The last time this happened we went up 600%. I dont expect that kind of return, but all time highs should be in the cards. We are above the 10, 20 and 50 day moving averages and rsi is at...
The holy grail in technical analysis is before us and its with the worlds golden child at the moment, Bitcoin. Only at $2300, $3800, and $7500 have we seen see the daily MACD cross and with an average double in prince those last 3 times we should all be aware of the power this may bring to bitcoin. I dont give price targets but you can do the math. I believe...
The holy grail in technical analysis is before us and its with the worlds golden child at the moment, Bitcoin. Only at $2300, $3800, and $7500 have we seen see the daily MACD cross and with an average double in prince those last 3 times we should all be aware of the power this may bring to bitcoin. I dont give price targets but you can do the math. I believe...