A lack of strong indicators at this moment telling me that this downtrend is not over.
So what is next?
i. Retesting of the 2018 low (around $3000 - $3200); if that levels do not hold, what next -
ii. Retesting of the Dec 2013 resistance around $1175.
Expect dramatic newspaper headlines. Depressed Youtubers.
Even Hodlers may get sweaty palms.
We are in a major downtrend, a trend seldom reverses without warning like loss of momentum followed by a period of accumulation. Is this where we are now?
Personally I will not trust a reversal without $BTC testing the $3000-3200 zone again.
In a strong bearish market, what can possible
support the price action?
200 SMA @ $3149
233 EMA @ $3701
Blue trend line which was resistance and
turned into support, will it hold?
Fibonacci ratio's with the 100% level @ $1826 around
a 10 Jul '17 low indicates price action around
88.60%. The 88.60% was prominent with a Feb '14 low
after the Nov...
The 4-hour chart
Starting to have a bullish look; price action resting on the 89 EMA.
20 and 50 SMA in place.
When investing in a Bitcoin cross keep a close eye on Bitcoin, sudden movement in Bitcoin will effect this Chart.
Lisk ranked 29th on the CMC with a $332,571,578 market Cap.
Price action stays in the channel.
20, 50 and 200 SMA indicate bullish.
If you invest in a Bitcoin cross, keep a close eye on Bitcoin, which is very steady at the moment but can change very quickly as we know Bitcoin can do.
Rank 100th on CMC with a Market Cap of $63,713,801.
Bullish price action against Bitcoin.
20 & 50 SMA confirmation.
RSI indicates possible correction on the cards, which may create
Keep an eye on Bitcoin price action over next 24-hours.
Danger Zone for Emerging Markets around 4.5%, it can mean
negative outflow of Dollars putting local currencies under severe stress.
Drivers of US10Y, keep an eye on Fed interest rates, which will react
to higher inflation. Lower US unemployment --->> higher exposable
wages --->> higher inflation --->> higher Fed interest rates.
The 20,50 & 200 SMA indicates it...
Price action bounce of the 200 SMA, with
the latter sqeezing up against the 144 EMA.
Since 9 June 2018, the 144 and 233 EMAs
forming a channel for the price action with
exceptions to the upper side before moving
back into the channel.