Playing around with this macro idea.
Last time dollar topped out was the start of the bullrun on btc .
Rate cut is expected today with the FOMC so potentially top could be in for the dollar.
This is a highly speculative idea, more a theory. Will take some time to see if this plays out, not a single event that will define this imo . There is more at play on the...
Yesterday CZ announced that any ERC20 token wanting to have an competitive advantage to be listed on Binance can switch to BNB's chain instead.
What if the new altcoinrun is powered by BNB, which is already showing similarities.
+ BNB has a bit more utility that ETH
Would be interesting to see if this fractal plays out.
"today CZ said in a livestream that all...
Pi is an interesting level to watch, price had a lot of interaction with it.
NATGASUSD could potentially rally over the weekend with possibly heavy winter weather hitting the us.
Good entry after is breaks the Pi level, but perhaps too late as market closed in 3hrs and doesnt open until sunday again.
Posting this for future reference
Price below VWAP from ATL.
Fundamentally a broken project with scaling problems + noone actually uses any of the dapps that all these ico's produced.
Still many bagholders waiting to get rekt.
On the lin scale it looks quite good, but log scale puts it in perspective
If current support doesnt hold I would like to see what happens.
A good 92% drop is still very...
LOG scale puts you in perspective sometimes.
We are at support but price is below AVWAP from the lowest bottom+ below all MA's on the daily (20/50/200)
Huge volume gap below, and fundamentally a broken project with disappointing tech and no usecase beyond pumping icos
Most dapps have 0 users.
If current support doesnt hold it doesnt look pretty for ETH imo....
Current level is where two AVWOPS meet eachother, one from a swing high and another from a swing low.
Im still testing the waters with this indicator so posting only to see how this will play out.
Next support is from the AVWOP from april 2017, which has been tested a couple of times before.
Very gloomy outlook, but not in play till that current VWOP level gets broken
VWAP is the volume weighted average price and can show potential area’s of support and resistance. Price is between two VWAP levels from previous bottoms. Next support is around the 5k level which is confirmed by other ways of analysis too. I published this chart to view it at a later stage, so far price has a lot of interaction with these levels
XZC has been trading in this falling wedge for a while.
RSI in a falling wedge price nearing 786 retrace, MACD curling up.
When the market sentiment turns positive this will be one coin to keep an eye on
China FUD drove us down and tomorrow we will have the SEC deciding on ico's which could spark another korea styled selloff.
We are breaking 200 EMA at the moment. Last time that happend resulted in a 85% crash from the top
This chart makes me sad, but i just had to post it so i can tell myself i told you so when it plays out.
It just makes sense, maybe the timing is different though, shorter bearmarket and faster bullrun.