So the dream scenario for salt did not occur, however there are still some very positive signs. $SALT/BTC has entered my accumulation zone while managing to rack up alot of bullish divergence ... and I mean A LOT. Some people are not so fond of divergences since they can be misleading and often trigger late or far too early. In this case however, the divergence...
Straight-foreward Elliott Wave analysis of $LSK. Further explanation of TA within the chart upon request.
SALT is a project I have been excited to cover. Although I won't dip into much more than the technical aspect, SALT certainly has an interesting group behind it coupled with huge potential for growth if traditional markets begin to shift toward using blockchain technology, alongside the expansion of the crypto market as a whole. If you want to find out more about...
This spike in CME June BTC futures seems consistent with the previous idea that these are ideal accumulation levels.
Same analysis however, I realized that the tools on my previous chart became misplaced.
Since Dec 2017, Bitcoin and cryptocurrencies in general have been hit hard with bad news time and time again, fuelling a historical selloff from the previous high of $20k. Firstly, I would like to address some major issues: 1. Korea FUD and Bitcoin Exchange Bans in Asia Time and time again we have heard rumblings and rumours of Bitcoin bans in China, Korea...