Looking at logarithmic gives us an insightful view of what is going on.
What did happen on 17th December of 2017? Bitcoin reached its new ATH at $19891. The same week was estimated the biggest volume since June of 2016. Theory says that only huge volume ( in most cases the biggest one throughout the whole trend ) is capable of turning around any trend. Of course...
Weekly MACD for BTC is crossed down. First time since who knows when. Bitcoin didn't manage to accomplish succesfull MACD cross upward on daily. Now we are testing the previous low which coincidentaly coincides with an interesting support line from the previous two dips.If we break it ( and i think we will) the next stop will be $8300 and (what is a support line...
One of the most undervalued coins right now. It has only $20M marcetcap.
0.618 correction is done. MACD is about to cross over uptrend. It actually doesn't matter that much as the project itself does! Check it out in the article below!
Last week I said that BTC's correction was about to come to its end. I said so because of Weekly EMA 20, RSI and MACD. Now we are going to see confirmation of that in our daily MACD which is about to cross over upward. Safe buy position can be placed at $12100 level after breakout from the current triangle. There is only one thing that bothers me: we crearly are...
We are precisely on the major support trend line which also is 0.5 Fib level and already have done 0.618 Fibo correction. You can buy after confirmation of the new bullish movement or when it will make a completed double-bottom ( W).
We are about to touch weekly EMA 20 for BitCoin. Also take a look at RSI. We are close to a very strong support line there. I previously predicted the impending "crash" ahead for a couple of days so this time I hope to be right too.
We are near to the support line and what is more important we are near to the daily EMA 20 ( what is more important). This coin hasn't been closed under the daily EMA 20 a single time yet.
In addition, you really wanna have this coin in your portfolio.