We've got some nice moves for a couple of cryptocurrencies (XTZ and ATOM today), but I'm still really paying attention to these big caps because they have the most liquidity out of any other altcoin. We've seen OBV (on-balance volume) continue to skyrocket for the TOTAL2 chart, which could mean that big buyers are actively entering positions on the top two...
Looks like a death cross to me, sitting above the downward trend line, death cross may push price down to this trend line and form a new support. Also making consistent higher lows, which is a bullish sign. Sentiment looks mixed imo at the moment. Give me some coins you would like to see!
Buy the code and trading idea details behind this strategy at coinbook.com
We will backtest your trading idea for free: coinbook.com
We build custom trading bots. Please reach out to implement this idea at email@example.com.
The altseason has a lot to do with ETH behavior, which means we need to see ETH pumping again. That can take BTC dominance down (since ETH has the largest marketcap among alts), which will confirm the altseason.
Let's take a look at ETH time cycles:
Each cycle has 357 days ~ one full year.
We see that each cycle starts with a low, then ETH pumps in the first...
Today 7th of October 2019 marked the 24th day of consolidation inside a bullish continuation chart pattern called the ASCENDING TRIANGLE CHART PATTERN. We look for a bullish continuation as the 55day average is below the price serving as a support to price. The validity of this pattern is more focused on the horizontal resistance, as price continues to hold/hug...
The pattern is undeniable. Ethereum looks to be very close to completing its 8 step cycle, which it has done twice. Could this be a sign that a bull run is on the horizon? Only time will tell, but keep Ethereum on your radar. If it starts to take off, you may want to get in early because this bad boy can fly!
Double top and a fractal, clear downtrend on 4 hour and on various other time frames, 0.88 regression downtrend, quite strong. Outbreak may occur once higher low is produced on daily timeframe, or fib level 0 is reached on 4 hour chart.
Thanks for viewing my analyses.
The weekly chart is coming to an end and it is going to be the lowest weekly close since March of 2017 and that is incredibly bearish.
We are breaking down the Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017.
If nothing extraordinary happens, the next action will be very painful for ETH holders.
If you like the...