Despite it's beast fundamentals ICP's price has been suppressed since it was launched in May 2021.
Currently, Dfinity's native token somehow is having a positive trend. (wave 1)
ICP has reached the previous resistance 0.000890 BTC and BTC .D is at lows at this moment.
Therefore, I expect a 0.618 fib retracement down to 0.00062 BTC / ICP looking for some...
Honestly, BTC is not looking good 6 months prior its halving... we are experiencing an A-B-C correction pattern and may conclude around mid 2020.
After that, acummulation will take place an then... moon!!
Pay special attention to fibonacci time zones FIB. (-1, 0, 1.618, 2.618, 4.23)) on the bottom of the chart. Coincides with every Bull and Bear...
Despite BTC halving taking place in 5 months trend does not look good at all... if BTC closes below 100 MA on a weekly TF it will try to find support at 200 MA around January 2020.
If this support does not hold BTC's price, we will see BTC’s last line of defense at 500 MA.
This scenario will close a 10 years neat and tidy market cycle conciding with 2nd crash...
Despite BTC halving taking place in 5 months trend does not look good at all... if BTC closes below 100 MA on a weekly TF it try to find support at 200 MA around January 2020. If this support does not hold BTC price we will see BTC’s last line of defense at 500 MA. This will close a 10 years neat and tidy market cycle conciding with 2nd crash fibonacci time zone...
Looks like BTC is losing momentum, i will keep it simple:
1. MACD bear cross over on the weekly time frame.
2. Volume is decreasing
Moreover, i am paying special attention to 2 indicators which are:
a. Fibonacci time zones
The first one is very interesting to me due to the fact that:
The time elapsed between the second ATH and the Third ATH iquals...
In this chart, one of the main keys of the BTC's waves are the Fibonacci Time zones. As you can see, the blue numbers below (8, 13 and 21) determine each cycle’s All Time High.
Conversely, the two red numbers (8 and 13), coincide with their cycle's All Time Low.
If we apply this logic, around January-February 2020 is expected that BTC will have the 3rd...
It is known that the more liquidity enters into an asset the less volatile it is. Besides, the time elapsed for every cycle will increase. During the last four months bitcoin has been gaining momentum to the point of vanishing the 6k heavy resistance, what is very weird to me honestly. Everybody is very bullish on bitcoin but I will try to explain why I think the...
If you have not grabbed this crypto yet you are still on time. Triple bottom confirmed, daily bull cross confirmed. Rsi recovering. Still below golden pocket from the last big run. Have a look to the chart a let some comments please! Wish you all the best!
Modum had a huge move last week, trading volume was even higher than on Dec/Jan what makes me think that good news are behind. I don´t think it was a pnd scheme at all.
I see a few bullish signs.
1. MACD bull cross incoming on the 4h chart.
2. Price bounced around its golden pocket, between 0.786 and 0.618 fib levels.
3. Strong support at 50 MA.
4. Volume is...
Siacoin has been gaining momentum during this week. Volume has increased considerably. Price right now is at 121 sat. I see a small retracement taking place and could continue during today. I see 2 bearish signals what made me close my position at 124 sat.
1) Bearish cross over on the MACD 1 hr -2.46% -2.46% chart.
2) Bearish divergence between price and RSI on...