tdiv7653

tdiv7653

G'day Traders! This is simple but something worth looking at. In the past couple of months the big debate for bitcoin is whether or not we're in a bull or bear market. Well, here it is folks: Long term, log-scale chart shows us all. If we close below the long term trend-line on a weekly candle it is safe to say we are in a bear market. Yes, I know, the...

tdiv7653

Watching the resistance, of course. If we break out of it we should hit the 50% fib level before the retrace back to the resistance line (which also coincides with the 38.2 fib level) then finish up larger IHS for continued up-ward move. Could go lower at resistance if no break. Either way, best to have a plan. Good luck! Happy Trading.

tdiv7653

In the crypto trading environment things happen so fast that it can be tough staying calm and looking at a chart from a longer term perspective. The chart above shows the 2 major peaks for LTC and how the stock acted after the first. The two major moves over the past 6 months are almost identical. I expect a move upward. See on the first down trend line...