September was a dull moment in crypto world. If you look at the price action.
However, underneath this bearish price action across the market. I am continuing to smell a big bull run that is coming for those that can see how this panic sell offs and profit taking are playing right into the hands of those that are patient and got deep pockets.
I cleaned up...
Apologies for a late post, our family is going through challenging times, my grandma was hospitalized in late August and its terminal. 2020 does suck and it is not even over.
Alright then, back to CRYPTO: We have to look at our AUGUST to see what is happening.
The idea is based on Elliott wave count.
Buying is to be initiated on the break of twice tested support and from the red box.
Once the descending trend is broken on a weekly basis then the uptrend will be confirmed.
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The price action is looking to push up to the down trend from early this year. If it happens to break above and hold a daily candle, for me it's a very bullish sign and will really pop very high. Look at the down trend like the cover of a pot. If the water boil pushes the top off the steam and water will over flow and push out. Right now ETC is starting to boil,...
//Indicator for trend identification (based on position of moving averages)
//Editor - balance.
count1 = 0
lma = Average (close)
sma = Average (close)
increase = sma>lma
while (increase ) do
upcount =upcount +1
while (decrease ) do
count2 = count2+1