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While I was doing some chart comparisons, my eye just caught this. And my jaw dropped to my desk.
All those arrows are pointing forward 1-4 days. It seems that for several months, $NEO has been telling us in which direction $BTC would go.
Unfortunately, right now that does not seem to be the case anymore.
Well, that was interesting. And unexpected.
1. Segwit fork cancelled
That crazy segwit fork that no one really wanted anymore? Got cancelled just now. All the people that accumulated bitcoin in anticipation of the fork (like, getting out of alt-coins), well, no fork = no need to hold BTC for the fork.
2. BTC reached new ATH
Right at about the same time segwit ...
I noticed some recurring trends in the past two 2-month BTC cycles. See chart above.
NB The grey textbox in my chart says that price dropped from ATH to 26MA line in 2 days - is a typo, should be 3 days.
Close up of price retrace before larger correction:
At the moment BTC is still in uptrend so I'm bullish until the 26MA ...
Ubiq has retraced almost completely after reaching an impressive 97K satoshis in June. That's 6 times the current BTC value.
The RSI has a nice bullish divergence, the MACD is looking juicy, the Demark indicator gives 2 TD Buy setups and an almost completed Buy CountDown timer. Volume has been slowly increasing since oct 18, and there's a tweezer bottom at nov 2 ...
ADX has a lot of positive signals right now. It will probably struggle a bit in the coming 2-3 days though I do not expect it to drop 11300.
I'm expecting a quick run up towards about 18600 in the 3 days afterwards, reaching the top somewhere on sunday. The expected top matches both the long term resistance and the fibonaci level from the previous runup ...
The Demark indicator is telling us that $MTL is shaping up for a huge move upwards. I will not go into details explaining the indicator (Google it), but on october 7th, Metal reached a perfect TD Buy Setup. That triggered the TD Buy Countdown timer. If a candle is red and closes lower than 4 candles ago, the countdown increases. The countdown does not stop even ...
For the past couple of months alts have mostly been countertrending BTC. When BTC made a another bullrun, alts suffered.
The same happened with Komodo. However, with their first ICO (Monaize) launching on nov 11th, this countertrend seems to have stopped 2-3 days ago. Despite the strong BTC bullrun in the past couple of days, KMD did not decline like most other ...
I believe trends repeat. If you compare the current BTC charts to april, you see a very similar pattern.
Inside the blue square is a step pattern, with a negative breakout at the end. The breakout rests at a support which is at the peak of the third and largest step.
Is you compare this to 14 april 2017, there's an almost 100% identical support line. Back then ...