About meAmateur trader and cryptocurrency fan with background in statistics and natural sciences.
I am not an financial advisor and do not take responsibility for your trades based on my published ideas.
It does not look good for DAX since it broke the trendline from 2009 on the linear scale. (on log scale it was broken earlier).
It was a terrible year for DAX investors since it fell from its ATH @13577 to 10719 (8th Dec). Now its officially more than 20% this year, and the sentiment is very bearish. Only 6 companies from DAX are still in (+) this...
Bitcoin is in a full bull mode since the resistance at 4550 (Bitfinex) has been broken. It has currently 51% cryptospace domaninace! TD setup favors the current rally. RSI and several other indicators are still not overbought on the daily chart. Several scenarios are possible shown as (blue, dark gray and light gray).
BTW almost all alts are bleeding, LTC and...
There was a great opportunity to BUY Monero on the 18.08 and for SELL on the 27.08 as shown by the TD Setup.
Currently, there is a long bear period for Monero since the coin was heavily overbought.
I am neutral on Monero because:
- RSI has still potential to go down
- Green TD setup was interrupted
- When looking at XMRUSD the correlation with BTC is strong and...
BCash failed and people realized that it is not Bitcoin but just a useless coin for miners. TD indicator shows a slight possibility of a bounce tomorrow but it should fall further down. Sell volume was rising on 4h chart. Overall, the chart will be identical with other pump and dump shitcoin charts.
LTC (in my opinion undervalued coin) has currently a longer bear phase vs BTC. It will probably fall to the level shown on the chart. It could be a good buying opportunity.
A huge chunk of LTC volume was/is in Chinese hands, which probably affects currently its price.
The fundamentals imho speak for LTC in the longer run.