ETC is failing the 150 sma but we still have a very strong 200 sma at 596 USD which we will visit soon most likely.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on ETC unless i see developments on DMI with candles making a hammer or a morning star from 200 sma.
if that happens my buy would be 200 sma and my...
BTC is still heading downward and is barely ending the days above the 200 SMA which shows lack of support.
The price spiked slightly over 9,800 as expected earlier to pick the stop order at 9,800.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on BTC unless i see developments on DMI with candles making a hammer...
BTC is finding heavy support on 200 sma with a very bullish candle, however if BTC breaks and forms 2 candles below 200 sma then down trend is confirmed, next support is around 6900.
unlike may were saying there is no inverted head and shoulder pattern, it is a reversal pattern and forms at the end of down trend plus volume is not building.
if BTC break from...
ETH -0.42%is making a clear head and shoulder pattern, we are at the end of the second shoulder, if it does not find support at the 200 SMA then it is game over.
this is not a financial advise by any means, it only reflect my personal analysis.