Bitcoin coming into a rally zone. money flow index reached oversold with a retest and stochastics following a similar trend. Wait for positive heikin ashi candle with a cross of stochastics under the oversold line. BTC:1Erm4VB2v3JRDjnstaL7xnauSvomMDkvQu LTC:LhkMKHtEQ7SJnEFntoUBhG17oXdwmdHysV ETH: 0x8026962e8CC6B4A6b32E481A02B04C139D5c81Bb
Although it does not fit the exact definition, this pattern on the hourly is close to the descending triangle. We have a base of support at $56 after multiple holds of this level, with lower highs of bounces each time. Bulls have to break the lower highs to shift momentum in their favor, and a break of $56 should see stop losses trigger. Weakest of the big 3 the...
The consolidation since early august continues. BITSTAMP:BTCUSD Only a move below the rising green trend-line around $545 would indicate that something is wrong with the bull thesis. But as long as Bitcoin is holding above its 50MA ($592) and especially above its 200EMA ($553) a rally towards the next resistance level around $635 should be just a question of...