the weekly 50 period sma seems the next support for a bounce until continuing the trens
We have all oscillators showing the pressure is to the downside and expanding. We are being held tightly underneath all major moving averages and 12 hour volatility is ready to absolutely explode and in the pass has produced insane moves. Im excited to see this play out, Bear markets are absolute great thing for someone who wants to accumulate before BTC goes to...
This cross on the weekly is extremely powerful in the history of Bitcoin, Obviously last time we had this cross the party is over for now
With new all time highs in US equities indexes we should see that spill over into the cryptocurrency markets.
2015 top is showing likey possible target area, this rally just seemed to be a lower high in a downtrend
finishing a bear flag, facts are the total market cap has crossed 50 and 200 to downside we are in a bear market
Barish Bearish Bearish, monthly looks like a double top with bear divergence, not good
At first look ACB appears to be putting in a Giant Topping formation however with closer look I have been able to see its true intentions. First we have class A bullish divergence on MACD histogram and hidden class B bullish divergence on RSI. e Also we have a possible strong reversal setting up, due to the very similar nature between ACB Weekly chart & and Adam...
Can we clear and flip support the red box
Momentum is swinging around, the pressure is on
This consoplidation is getting ready to expand in a spectacular fashion, although volatility metrics do not give you direction but i see this as re accumulation pattern that we have been in and you can see the higher lows forming along the bottom, We are going to break out huge one way or the other
we might have a good chance of closing above the trend line