Another Useless Chart while BTC is going sideways
Good day traders, Someone on Twitter had a request in regard to BTC dominance so here is my analysis. Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same: We are near a turn As you can see, I'm counting...
Hello and welcome to today's analysis! In front of us we have a 4h chart and we can see a couple of interesting things. First off we had a bullish MA crossover, 50MA crossed 200MA on 16th of June. Last time we had a bullish crossover like this one, the market rallied from 5300 to 8000+. Obviously, the market doesn't have the same strength as it had before when...
Identifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline . The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled...
Come on TOP TRADINGVIEW! I will help you. No, wait. Know how to read candles? Or do you copy ideas to sell your signals? Better start finding another service. This market is dead! Did you understand Without regulation no money will enter here! What is the 700 billionth of the marketcap? Where are they? Why did they run away? The bottom is farther than you can...
I reckon we will see a drop in a few alt coins soon, despite seeing bitcoin in limbo on wether it is going up or down. mana volume is low and stoch rsi is up. if volume does increase i reckon we will see it move down, perhaps not to far down unless we see BTC drop heavily
For now I stay neutral because sure there's plenty of bearish signs in the market but there is also what appears to be another smaller fractal like descending wedge pattern forming as I have indicated here with the light tan trendlines...These patterns are pretty bullish and Haejin Lee also hypothesized after the last descending wedge that we would rise up and...