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Renko

Update: Filter the noise for Ethereum ETHFilter the noise for Ethereum ETH by the help of Renko-charts (upper chart). In this long-term view we see current price did not break an even went higher than interesting support level starting from the cycle top January 2018. The lower chart shows the candle-chart in comparison - much more noise, right? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BITSTAMP:ETHUSDLong
by Crypto4Everybody
BTC will create a wide range area between $ 30,000 to $ 40,000Hi Bitcoin reached the $ 34,000 price range, as we had previously predicted. (See the idea below-January 9). Today Bitcoin is in the 35000$ area. But what is the next? My idea is that Bitcoin will create a large lateral movement area in this area (between $ 30,000 and $ 40,000). Bitcoin stops in this area will not be short (it will swing in this area for at least a few weeks) But in order to determine whether Bitcoin will leave the area with a break-up or break-down, we will have to wait to see the price action inside the area in the coming weeks.
COINBASE:BTCUSD
by cryptoonchain
Two scenarios for BitcoinBitcoin reached the target we previously predicted (see idea below) But what are the scenarios facing Bitcoin at this stage? There are two scenarios for Bitcoin at this stage. 1-The first scenario is the respect of Bitcoin to the previous support area in the Point and Figure and RENKO charts. Bitcoin may have respect for this support range. The reasons for this can be seen in the candlestick chart. The dynamic RSI oscillator has entered the oversold area and the wave trend indicator is located on the middle support of the channel. 2-The second scenario is determined by the volume profile and momentum oscillators in the monthly time frame. Bitcoin's volume profile has a small trading volume in this area (40500) and will not be able to create the accumulation area needed to reverse the trend. In fact, the next POC area looks like $ 34,700, and Bitcoin is likely to create its next Lateral movement area around this price. (29700 - 40500) But the next important issue is that with the breaking down of support at 40,500 in the monthly time frame, the trend wave oscillator will leave the overbought area, which can be an important signal for the continuation of the downward trend in the future.
BITSTAMP:BTCUSD
by cryptoonchain
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