As I was searching for fractals/similar market structures as bitcoin is showing right now I came across this gold chart from the 1970's.
Now when you take a look at this chart there are a lot of similarities.
1. You can see the first top which later on becomes the support area in both charts.
2. Then we see the market creating a top and failing to make a higher...
If we look at the weekly chart we can see that wabi is about to break out of the weekly ichimoku cloud.
If it manages to close above the cloud and stay above it we could see a nice uptrend start for wabi in the upcoming weeks.
As we can see on the chart, BESI has been moving within this long-term trend the past few years.
It recently has touched the lower trendline again which has been acting as support for a long time.
By looking at what BESI has done in the past few years and with those 2 trendlines in mind, we can expect BESI to be bullish for the next few years to come until it has...
Looking at the weekly chart we can see:
-Altcoin marketcap has been following this clear trendline for the past few years and its about to touch it again.
-If we look at the ichimoku cloud, we can see that the past is repeating itself, we're having the first rejection from the red cloud just like in 2015. Once we break through it, it will be very bullish for...
The death cross occurs when a short-term moving average crosses over a major long-term moving average to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The death cross is a technical chart pattern indicating the potential for a major selloff.
The death cross appears on a chart when a stock’s short-term...