Logarithmic chart of bitcoin showing we might be close to the end of the downtrend. Please make sure to look at my previous BTC/USD chart with support and resistance lines for a clearer short term view. Support line is at about 6500 value.
Within the next few months we will be seing an uptrend happening for BTC/USD.
Good to remember that logarithmic charts are...
Have made several good trades based on my support and resistance lines so far. If you would like to take a look they work very well historically on the EOS/BTC chart.
Please not I do not add the "false tops" and "false bottoms" for my resistance lines. If you have further questions regarding to what that is I can leave a more thorough explanation, now however I...
Hi, going to keep this short, but we are in a golden place for purchasing bitcoin right now.
If you take a look at my previous chart i posted regarding bitcoin i had drawn a potential buy area. I HAVE USED THE SAME CHART.
Here however I have added an arrow. if the price closes above the support line it means that we have a false bottom!
The price and support...
From what I can read from the charts, ZEC to BTC is indicating a weak market.
The volume is ridiculously high on the marked area (with text) which indicates there was a manipulation of the market (so called up thrust) where professional money dumped their holdings.
How can we see this? EXTREMELY HIGH VOLUME on NARROW SPREAD!!! With those volumes on green bars,...
For the past time we have seen a downtrend in LTC. Ever since December since the all time high basically.
If you would like you can draw a flag on the chart and such (but lets skip that for now).
What I have done here is drawn the potential Buy and sell zones after having analyzed LTC since weeks back. We have no entered what I would deem to be a good buy area...
I have drawn support and resistance zones for bitcoin. I did this several weeks ago incase we were to reach this are again. Right now we are in a perfect buy zone for bitcoin (buy area between 6,5k to 7,5k). I do not believe it will fall lower than 6,5k.
I have drawn potential buy and sell areas.
This is my first post so I wont really be analyzing to much. Now is a good time to buy into EOS though.
Will make a more detailed description on how to analyze both the volume, the charts and trendlines in my future posts.
This chart was drawn over 3 weeks ago.