Bitfinex
Possible movements of the total crypto market valueIf you look at the chart, the crypto market value made a bullish rally until the first quarter of 2018. Afterwards, market value; suffered a decline. The first bullish wave acted in a half curve pattern. In the downtrend, we see that it moves in a smaller size curve pattern. The chart now faces very strong resistance; however, a strong rise may come when it crosses this resistance area. If this chart breaks up, it will also break the long-term bull pattern up. This situation may lead to an increase in the market in the medium and long term.
Possible movements are shown by the arrow. The direction is up unless the market value is closed weekly below the small curve pattern.
BTGUSDKumo twist. Enter after price and chikou-span leave the kumo, and are above price. Price may see a rejection from the top of the kumo. See chart. Not advice.
BSVUSDIchimoku painting a different story, to my prior chart. Kumo with flattened top. This could see a possible edge to edge of the kumo on the daily. The 4hr has broken out from the cloud. Not advice.
Bitcoin faces a possible pattern that will reverse the uptrend.Bitcoin price has been on the rise in a parallel channel since the last sharp fall.
As long as Bitcoin doesn't go under this channel, it would not make sense to talk about a bear market.
But there is a problem. Market left the clue of a downward parallel channel. In addition, there is a possible diamond pattern above. If the downward parallel channel is formed, the diamond pattern will work; may cause the trend to reverse. If this pattern works, bitcoin could drop towards 6800 levels.
EOS vs TetherUS Also BearishJust like Bitcoin (BTCUSD), TRON (TRXUSDT), and Siacoin (SCUSDT), EOS (EOSUSD) has broken below support.
We have a bearish flag and prices starting to drop as soon as MA200 was hit.
We have a bearish cross of EMA10 and EMA50.
Also a bearish cross on the MACD.
Bear volume yesterday was higher than the average daily volume.
We have a strong bearish candle as well.
We are likely to get an inside bar today and an additional drop tomorrow.
This is not financial advice.
Namaste.
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