Just published: Bull run comparisons using 61.8% retracements and 200 MA See how 61.8% retracement June 2016 measures up with June 2019 from Dec 2013 and Dec 2017 Highs respectively. Also how 200 MA High June 2014 measures up with June 2018, & price crossovers of June 2016 & June 2019 respectively. All part of the securitization & commoditization of a new asset class NOT ADVICE. DYOR.
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Signal line of MACD has turned up, and bitcoin still in uptrend, therefore, although RSI's may hit low end at some point In future I'm now speculating that price has found a base, and ready for next shot at the moon. NOT ADVICE. DYOR.
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See my latest postings. I have since given less weight to RSI and more weight to MACD signal line having switched to positive - the low in this dip having been made just prior to that. NOT ADVICE. DYOR.
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Just noticed that I'd already commented about this Aug 18. Cool.
MACD is in Log Format the Histogram has been left out looks like best buying opportunities presented when signal line in orange and MACD line in blue are negative. It also appears like the Stochastic RSI (3,3,200,200) presents best buying opportunities when once has touched the lower horizontal (white). I then wanted another indicator to help with spotting buying opportunity and found that the RSI appeared to help as well. One guy on Twitter is speculating a dollar drop next week if FED cuts interest rates will help boost bitcoins price and could well start this weekend. It will be interesting to see whether the indicators above will be triggered. NOT ADVICE. DYOR. Here are most of my recent published charts. Enjoy NOT ADVICE. DYOR @SwerveLaFlare,
Felix000
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Here's an update to one of the above charts @Felix000,
meszaros
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Great analysis. Congratulations.
Felix000
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Which indicator is going to be key. I think the RSI. It looks like Jan to Feb 6 of 2018. I still think bitcoin suffering because of dollar strength. We'll have to see reaction to Fed rate decision@meszaros,