Good day traders As I'm sure a lot of you are aware, technically, there are many similarities between the 2014/2015 bear market and the current 2018/2019 bear market cycles but there is plenty of debate going on as to where we will actually end up bottoming. Many analysts are calling for a bottom close to $2500 as this fits the 2014/2015 bottoming criteria on...
What will we see next with all this? What is the current phase in your opinion? What will happen next, your Ideas?
By request (shoutout to earduman!), here’s a quick analysis of RIPPLE. The BITFINEX XRPUSD chart says it with the most clarity: We’ve failed to break out of the 50 EMA three times, going on four. What’s worse is the 200 EMA has reared its ugly head to double-team our poor alt coin. Support shows at $0.46 with the next level at a suicidal drop of $0.22 (Yikes....
I'm not convinced we've been through despair yet. This falling wedge is quite interesting though, and if BTC pulls through 9k, I guess the picture changes. The RSI is as oversold as it's ever been, and continues to be, unlike previous crashes. So, there has to be some kind of uptick there soon. But, there might be one final drop into the pit?
Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not...
The closer you look the less you see. Goldman Sachs four stages of economic growth 1)Despair Outperformed : verified Utilities and Health care 2)Hope Outperformed : verified Car Manuf Chemicals 3)Growth Outperformed : verified Real Estate Travel Sector 4)Optimism Outperformed : Latest themes such as : verified Electric cars Latest tech such as :...
As the charts begin to turn more bearish, we are forced to look for some sign of a turnaround. The trend, which has been going on for over a year, appears to still be intact. I expect that we will either form a double bottom as we did back in 2011 (I will link to an interesting chart by lowstrife that caught my attention), or we will have one final leg down to...