Here is another comparison of 2018 vs 2014 charts in view of log resistance breakout that happened back in 2014 but later it went back into bear trend. Here are some important points to be considered * In 2018 Bitcoin broke out of log resistance on April 20 after hitting a bottom of just under $6k, whole crypto world went berserk on a potential trend...
Bitcoin chart 2017-2018 comparison as per Psychology of a Market Cycle .
Bitcoin chart in light of Psychology of a Market Cycle, this is exactly inline with my previous chart
$EDG is still in long term accumulation zone. Buy for a target of 4-5x
BTC 2014 vs 2018 Amazing similarity
$BTCUSD broke the triangle on down side, not expecting $BTC to go below $7200, not at least in this wave, it must see $9-10k first.
Lots of FUD and talk but not sure if people bothered looking at this chart, BTC is still within long term uptrend channel, there is another trend line support just above channel trend line
BTCUSD Short term uptrend broken, now what?
Looking at this channel BTC is on a downtrend unless it breaks out of this channel
To early to call a bottom and trend reversal but indicators I saw and trend line on a log scale are giving good vibes * The Falling Wedge is formed which is a bullish pattern * Bounce from trend line on log scale * Bounce from 200 MA * RSI showing oversold
This idea is about why EMA 200 is important for $BTC to maintain its uptrend on daily chart. $BTC price went below EMA 200 yesterday but managed to close just above it. Today price is staying mostly below it but if it manages to close above that would keep the uptrend intact based on EMA 200. Significance of 200 EMA: 13th October 2015: First major crossover...
EDGBTC on Bittrex is currently moving within Bearish Price Channel on 1 hour chart. 5 day MA is turning upwards which is a positive indidation. The first sign of a trend change would occur when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change. A break below channel...
STRAT has bounced perfectly from trend line support on 1hr chart
GNTBTC is breaking out of symmetrical triangle on 1 hour chart. Weekly chart also shows first uptrend.
GRC BTC is in buy zone, strong support at 800, buy zone 800-1000. Tested 1200 resistance quite a few times, breaking that we would see it near 2000 and then 3000+ We may see research coins FOMO and we may see new ATH above 6000. Who knows GRC can be the next EMC2.
$BTCUSD double topped, dropping again from 16200 resistance on 1 hr chart.
XLM is back into parallel uptrend channel and forming a symmetrical triangle after brutal panic dump on BTC break out yesterday. Remember a symmetrical triangle usually forms during a trend as a continuation pattern which means XLM must continue its super rise. My expectation is $1-$1.5 or $30b market cap as target.