1st July 2019 Weekly RSI hit 78 = 13800 but the weekly MACD ribbon crossed on 19th Aug 2019 = 11018
10th Dec 2018 Weekly RSI hit 30 = 3174 but the weekly MACD ribbon crossed on 11th Feb 2019 = 3452
Daily consolidation is much better than expected. If this were bear market, the daily would have fallen a further 30%. Entry 11144 Higher lows from 10850 to 11180 so far. A bull flag is in.
I very much think as we get lower lows and lower highs that we are in a new bear trend only till the bottom of the weekly chart.
There is a huge chance that $1500 to $2000 drop will occur after weeks of fall Only scalp long but longterm daily chart short.
Taken a new long at 11660 as holding strong so far Will add if not less than 11200 Hoping the bears on the 4hr is not too aggressive: But the bottom of 4hr will be perfect entry
If the bull market is still on then the 4hr chart says buy and the Ichimoku cloud is bullish 11200 -11600 SUPPORT IS STRONG
The bears are rather consistent both in a bull and bear market. They press forth so bitterly and aggressively. The tight range fought for this time 10450 - 10808 is slowly surely coming to a bitter end for the bulls as the 4HR macd eventually crosses. Unfortunately, the bears are more determined than the bulls: The sell-wall will continue until the macd 4 hr...
BTC is a clear short on the Weekly chart, however, how long it takes is anyone's guess. I suggest we short long term and buy short term taking profits as the weekly will eventually fall like the $6000 to $3000 fall 2018.
Temporary dips on the 4hr charts may shake the bull run. Long at 10500 and test 11600 resistance.
Litecoin at a good buy long term: The august halvening could be a bot long back above previous BTC pairing levels All charts are really bottomed except for any shock upward moves by BTC
A weak daily chart showing the bears have an upper hand until a whale or bot pumps against all ordinary expectations. Will keep an eye on $9500 BTC resistance break otherwise if the MACD daily crosses the bulls are toast yet again.
BTC is a clear short on the Weekly chart, however, how long it takes is anyone's guess. I suggest we short long term and buy short term taking profits as the weekly will eventually fall like the $6000 to $3000 fall 2018.