Based on trend analysis , support and resistance area with CPR and cyclic analasys of CRYPTOCAP:BTC price action .
The vertical lines are the end of the BITCOIN SEASON took from altcoin-season-index/ official website.
We should be near the end of the Bitcoin season and going to the alts season (even if not a big one i think) i would probably call it an alt...
Repetitive pattern of BTC. One more move ? ;)
The strength of this repetitive movement seems to fade, especially when we look at the RSI and price action growth.
20 DAY CYCLE (17) DAY AVERAGE
PRICE CURRENTLY AT 10 DAY TROUGH/BOTTOM (8.5 DAY AVG.)
4HR RISING WEDGE
CREATING HL AND LH EXCEPTING PRICE TO RISE AND THEN BREAKOUT WHERE THE TWO TREND LINES CROSS.
BELIEVE WE COULD SEE $5.50 AND THEN $4.
1) #NXT broke out of its long downward slide on 20 March. A Gann Fan was used to confirm the breakout and on 22 March and 23 March #ETC tested the 2/1 Resistance of the Gann Fan and on 24 March #NXT broke through the 2/1 support (see previous analysis listed below) to start its upward trend. The first observation is therefore that #NXT is now moving into a Bullish...
At the moment Iconomy seems to be a sleeping beauty, that waits for starting another leg in it´s cyclic run on the logarithmic scale. Their cryptocurrency fund is doing very well, which shows Iconomi´s ability to manage such a fund smoothly in times of extreme volatility.
DGAZ has been following a very interesting and predictable trend starting back in August. It followed a channel pattern down from about $8.64 to just under $4.00 in about two months time; hitting major support and resistance lines on the way down. An interesting observation to look at with this channel is that it is following a cyclic pattern as well. The lows are...
We are very near the bottom, price is starting to be hard to push down. Time is also running out, look at the 2 different time lines that match perfectly and also 5 out of 6 *perfectly* line up with jumps in price (cyclic bubble, and fibb time) on 16th october.
notice the pattern repeating in the 2 sets of fans, needs a little bit of imagination (which channel...
