Here the big picture of what the total market for alt-coins (excluding Bitcoin) as today, we can see clearly the resistance and support zone and the 62 billion zone is critical. will it break down and re-bounce from it?
Thank you for passing by and you can always comment.
DASH/BTC Chart from Bittrex for the Macro Trend illustrate the downfall from 2017 of this crypto currency.
When the bleeding of their Satoshi value will stop?
Is it a good time to buy these low Satoshi value at this moment?
I personally think a cost average is the best way to go If anyone decide to buy, it's very risky and people must check on a lower time frame...
This is the Bittrex ADA/BTC Macro Trend with the longest data available and it shows a downtrend in Satoshi value and the question we can all ask is Can we go even lower?
At this time, there is a support zone below the 0.00000400 BTC, so buying the fearful bottom is where many will take advantage of in this market.
Thank you and you can leave a comment.
This is EOS/USD Bitfinex Macro Trend Chart from their beginning in 2017 up to now and we can see the resistance at the 1.0 Fib Channel and the support at the 0.0 Fib Channel of this chart above.
The support zone can represent a good entry point but again, all the alt-coins around this time are pegged to the Bitcoin action price and it's hard to know where we are...
Hello everyone, here another chart I just made for ETH/BTC using Poloniex (oldest data) and we're very close to touch the 1.0 Fib Channel Support zone and this could represent a nice entry or at least a good observation to keep tracking the Satoshi value for Ethereum.
Let me know your thoughts and thank you for passing by.
From my Macro Trend chart, we can see where is the support(0.0) and resistance(1.0) on the Fib Channel and at this moment, we might be at a bottom on the USDT price action or very close.
This is NOT financial advice, only my observation from the Macro Trend ETH/USDT.
I used Poloniex because it have the oldest and longest data for ETH/USDT.
Thank you and share some...
We can see the big support at the 0.5 Fib Channel and also we must remember just lately Litecoin had his halving on August 6th, 2019, usually it take a few weeks for the miners to adjust to this process.
I also observed lately the weak BTC correlation, when Bitcoin rise in price action...the LTC loses his Satoshi and vice versa.
Any comment are welcome, thank...