Breaking The Trend?
Are we breaking the downtrend? As far as I'm concerned we have two trends to break: the one with steeper angle and another with more gentle angle. As you can see we can predict the timing of breakouts very accurately with straight lines. This graph shows that we have broke out of steeper angle trend and poked little bit of gentler one. In my book we need to haven't quite broke out of the downtrend yet. We sit on the 2017 September resistance levels which turned support in October. For that to happen we needed quite aggressive push to 6000+ and the rest is history. I'm waiting this to happen, but meanwhile I want to show you this portfolio management tool. You can see inverse correlation against other altcoins so it makes trading easier when you can track which coins are on downtrend and which are going up. It works in all time frames so it's valuable tool when it comes to trend analysis. Does not work in Binance, because apparently we TV doesn't have Binance support for this just yet. I'm working on making it support all coins. These are random coins to play with.
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