Any bearish or bullish trend acts as a lever for the next trend.
This is precisely the laws of physics.
A strong and long time trend as a lever has a better mechanical advantage and subsequently it can be a strong lever to withstand the weight of the next trend.
Bitcoin experienced a good price correction, which could be a strong lever for the next...
The chart shows bitcoin fell dramatically to 6000 support zone, since then the price has fluctuated between support zone and top of descending channel, it's expected to decline to around 6000 support zone and then "double bottom pattern" will be created and price could reach to 8200 resistance.
On the other hand if 6000 zone fails to support, the price will fall...
The chart shows marked increase in the period between 2018-4-14 and 5-6.Since then fell to approximately fib 0.764 (great support),On the other hand MACD and RSI illustrates RD+.
It can be concluded that in the next days (after bit retracement) probably ETC will move up to blue area (Fib Ex).
The chart illustrates changes in the price of bitcoin.
as a whole, price reached a pick of about 20,000 $. since then, fell dramatically to approximately 6000$.
On the other hand the incremental channel showed an upward trend.
The price rose again marginally and after that the arrow indicates modest decline.
Overall, the chart and trend show a significant rise in...
