BCH has had two great weeks, and unfortunately, BCH needs a much needed nap.
MACD - Signal line will be crossing over, signalling a sell off is to be expected, however what is not so expected is that the market will probably just settling no lower than 1300 (1st support) or less likely 900 (2nd support)
BCH/BTC indicates that the value of BCH is starting to...
RVI - Dipped today and yesterday, expected from the last charts I posted.
VI - (-) Indicates that we have some more sales coming
VI - (+) Indicates that even with sales, we still have a bull run going (at least for now)
Volume - Highest volume this month, which is good signs for a bounce when combined with RVI and VI.
BTC/USD - BTC has been on a tare as...
BTC 9k was broken, BCH has been galloping, past every resistance day after day, and where are we now?
We're pushing the redline way too hard. This is where we look to GREED getting the best of good traders. I am not suggesting pulling anything off the table, because this momentum is just astounding, however there is some real concerns here. It would be prudent...
Zooming in on a 5m chart shows that we are still pushing that red line, however we've got enough volatility to keep this run going. We did see that BART formation, but it was quickly resolved as the bulls continue to flip BTC into BCH.
Looking on various off-site charts, we can actually see that BTC is losing its dominance of the crypto market while BCH is...
BCH has been pushing the red line and really accelerating its gains the past week. If we don't see these gains start to slow down, we could see a backflip with a banana like curvature signalling that we're going to stall like a plane that just didn't have the juice. BCH could be mooning soon, but if it does it too soon, it's going to face a major correction.
I just don't see BTC recovering anytime soon. The sticks just aren't looking pretty, regulations have been a terror, tax season had the <1% of US claimers pulling out HUGE sums to cover the massive gains they pulled back in 2017, and there just no good reason to assume that, based on good faith, that BTC will skyrocket with all of the ALT coins getting all of the...
We have conflicting signals here, as the RVI is near the sweet spot, the VI (-) is coming up again, VI (+) is stagnating, and the volume hasn't had more than 3 consecutive days of positive momentum for weeks.
As with BCH, BTC is having an increase in V.I (+) but is this signs of a rejufination, or just a continued slide down?
R.V.I. in ETH seems to be teasing the sweet spot for gains, but this is better than sitting in the RVI too high.
The value in #BCH may be correlated to this increase in the V.I (+) for #BTC, which would make sense, if we weren't <120 days from the peak of BTC. Caution, this may be a bear trap.
I suspect strong resistances in the white box, and then a sharp decline again for the next month or two.
Looking at the trends, RVI is about to push into the sweet spot, and somehow the price has been clmibing even though the V.I. (-) should be pulling the price down. Something strange is provoking a possible bear trap.
We have a moment of truth happening somewhere over the next 8-14 days. We either break the barrier, or we drop down to a very scary low.
LSK has had a hell of a time trying to gain traction as some individual or a group of actors appear to be pumping at strategic moments and then draining the market of profits. However... Recently, we had a drip without a recovery. This could indicate that a pump is coming soon. Beware of the bear. These wicks are far too long for this to be a large enough...
When looking at AKER, it is clear that we have a bump due to some "well why the hell not" buyers that just has taken off since mid Feb. This may be one of the safer havens for the Feb, but going in to March, we may see some pullback from the gains just as investors are starting to feel "confident" in their purchases.
When looking at the 1 day, we see increases...
We're currently over-valued given the last toe hold of the previous major dip. The previous toehold should have been considered the "fair price" and I don't think that they're going to stick around past a 10% gain from their last investment. The last close was a loss and the volume doesn't indicate that the price will stay in the RVI sweet spot.
However, if the...
EOS has the potential to break the barrier.
RVI is in the sweet spot.
V.I. (+) is above 1, has been for some time, and looks like it could sustain.
Volume is not quite high enough to sustain a barrier launch.
V.I. (-) is above 1 is just a tad too close to 1 to show a clear launch free of worries.
Speculation to consider for discussion:...
These two may have been speculated on in completely different ways, however when oversimplifying the BTC volatility, these two have not been to far off course. Either one is still a strong contender.
IOTA seems to have very little going for it in terms of charts. However, we should be seeing something soon as we lead up to the end of the 2 month trial periods.