A descending triangle as a major pattern and two symmetrical triangles as minor pattern based in fractality. Support (triangle's base)=$5855 The horizontal levels are percentages retracement (30%,50%,60%,70%,80%,85%,90%) with initial point $725.4 (11 Jan 2017) and an endpoint at ATH 0.04% . I do not use Bitmex regularly for long-term analysis but I think...
Head and Shoulders Top Ethereum Classic
This chart shows the Long/Short ratio in the daily timeframe.
The cycle has changed its initial point.
This chart shows the market cycles in each reward era, the current era is in a downtrend phase. This phase could reach a correction of around 78% - 86%
The chart shows the four leg-down with their retracements. In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618% The current leg-down is still developing
Bitcoin major support zones (red lines)
Has the cycle changed its initial point and endpoint due to the ETF proposal (Fundamental analysis)...? I would like to read your opinion. Thanks in advances Cheers!
Uptrend channel and supports/resistances (Fibonacci with negative values)
A 12-day consolidation sub-cycle before a significant move. This might happen at the beginning of August
The price is testing the Junes's high.
This an analysis of the last 25 days, the key support levels are the red lines.
The 128MA 1D has been being a good reference in the long term for Btc. The price has resistance at the triangle's lower band, this zone has confluence with the 0.618 Fibonacci level
A possible Cup and handle in Bitcoin....? What do you think....?
The red labels are key levels of support and resistance. $4492 is the node with the highest volume in this range and it is a confluence zone