BTC is still in bearish market from July.
It broke MA support lines of 60, 120, but now it is supported by the 240 MA line and 7700 line.
RSI, MACD, volumes show its bearish trends clearly.
Therefore, for the short term, it can increase to up the strong downtrend line (~9000-10000) with golden cross of MACD above the support line. But for the long term, it is...
This is just simple trend of BTC.
It was broken its downtrend on 31 July, so now it is on its uptrend.
Now it is suppressed by the long term downtrend line, so we can expect its correction.
RSI and MACD both are uptrend.
So, I am going to sell BTC when the uptrend is broken.
-Simple is the best trading-
BTC broke the last bearish divergence at 13 Jun as shown in the figure (the pink vertical line).
Trading volume was increased and its recent strong resistances (~8000, ~8350) were broken, so the first entrance could be 13 Jun. and it was confirmed after Jun 16. (by getting higher than AHT).
For RSI, their bearish divergence broke 16 Jun., so the...
KOSPI is still in down trend.
KOSPI is still downtrend since Jan. 2018.
It is now try to go up after touching the 2000 strong support line.
In the view of long time frame, it is almost converged so that it is going to show its direction soon.
MACD shows dead cross and fail to break zero so that it shows downtrend.
However, the RSI is getting...
S&P 500 Simply Trend Analysis
It touched twice around 2950, so that the 2900 is now strong resistance line.
RSI and MACD shows bearish divergence now, so it might need some more correction time to get its direction.
Last week, there was strong candle which is compatible with the candle 2 weeks ago, so we need to see that it can break the short downtrend....
Now BTC is in correction time
In long term perspective, BTC is still in the bullish pattern, but now it is in correction time between 7000-8000.
All indicators show the bearish divergence after May 30.
Market needs correction now whether it will retest the 8000 resistance line or not.
Now we need to see what happens next.
The 7000 line can be good chance for...