If this weekly candle closes above 21 weekly average it will be first time since Sept 2017. So far everything looks great.
When I look at this chart I don't see a clear bottom rather then just jump in because RSI is low for example I see this as a great opportunity to just be patient. It's to easy just chase short term movement and since I am using daily weekly chart not minute/hour chart patients is needed.
The last time Bitcoin found support here after bear market was the start of the last bull market. Seen here is the last time it went Below 21 MA before having nearly a 2 year bull run. Since the last bull market ended Bitcoin has not been able to find support at the level. Seen here is Bitcoin finding support at 21 MA 5 times after breaking it for the last...
In 2018 the SPX went down to 200 MA on the weekly chart where it found support. In June 20008 that support was broken. Since then with the exception of a minor fake out in 2011 that support has remained unbroken. Now it's just waiting to see if enough "non QE" can give the market enough money to keep going.
Watching today to see if Bitcoin will bounce or if it will break the 200 MA.
In been 11 years since this happened on the silver charts. In 2009 was the last time Silver was experienced a golden cross. The price went from about $17 to about $47. Will history repeat?
Previously I posted about reversion to mean I have linked it. Looking NDX to find support at 21 MA but more likely 34 MA. If 34 MA breaks the down side on this becomes more concerning for general health of the markets.
Looks like ETH is still on track from yesterday's post. The daily candle for today has fit in perfectly. Looking for first resistance to still be tested at 21 MA before March 3rd. Second option is testing of 34 MA before March 12th. I still think previous highs of about $330 will be taken out during this leg up and a long term down trend starting seems much...
Looking for small reversion to mean at 21 MA or 34 MA before uptrend to $400. RSI at around 60. Looks like MACD is indicating a small drop.
Looking for BTC.D to put in a new low around 62-60 the wick down to around 62 may already be the long. To many people are talking about how great alt coins are. I don't disagree that alt coins have a great future though I am looking for the market to loose some hope. Looks like next leg up will be led by Bitcoin then followed by altcoins. Allowing time and...
RSI is 58 with lots of upside room. MACD looks like this uptrend is just starting. Looks like there is room well past 10K once momentum can get started again.
Looks like the golden cross will pay out as the price comes out of over bought. The market was full of bullish sentiment any negative idea was met with much criticism. Looking for price to bottom out once it hits 21 MA/EMA. RSI is 60 but looks like it could still dip slightly. Expecting a large run upwards after bottom to price under $400 physiological level.
My opinion on ETH movement has switched from building position to mitigate risk. Definitely not betting against this uptrend. The golden cross seen on the chart is very good. Though I consider the possibility of a very sudden rise and fall in price. Due to potential volatility I am siding with risk mitigation only to the extent of not building position. Not...
Marker is most moving side ways it's growing in volatility on daily time line but on the weekly the growth is not yet clear. If Maker can continue moving up then upside targets of 1000-1200 could become interesting. The biggest issue with this asset is not it's fundamentals or it's current TA. The lack of historical chart data to compare with is the most...
Looking for ETH to hit 21 MA and bounce off. 50MA has already crossed over the 200 MA. RSI is still higher then ideal. As long as ETH can stay above the 50 day MA look to take out the June 2019 highs.
Looking for Bitcoin to stay in this regression channel till some time in March topping out at $13500-$15000. After that it will likely return to 21 weekly average if not watch for it to bottom on 100 weekly again. Looks like the 50 weekly will soon cross over 100 weekly avg.
Look at this linear regression channel also expect the 50 day MA and 200 day MA will create golden cross on daily chart.
I wrote about Doge couple days ago wanted to look at it a different way. I charted BTC.D RSI against DOGEBTC looking for how many times BTC.D RSI could be used to trade DOGEBTC as alt market shift indication. After charting it seems that method would be very unreliable.