There is a golden cross on the weekly and the btc pair is looking like its ready to run too. Bags are filled
It looks like we have double bottomed along major support line with all patterns converging around this point. not trading advice
All the indicators point toward the end of the correction. Id say at the worst we go sideways but we've been low for so long I think people are ready to make some money. People will remember the money to be made in a bull market and that could lead to new aths. At one point total crypto market hit 880b and now we are at 204b. Next ath could put global over 1 trillion.
I have identified potential resistance levels based on multiple trends and percentage growth histories. This is my opinion not investment advice.
RSI is way over sold on the 4hr chart. Seems to be finding support along the same trend line that it bounced on previously.
I have drawn a green support line it could re-test if it breaks down off the upward channel. If it holds there I believe that we could get more aggressive toward 10k or we may move sideways to the bottom of the long term triangle(red line). I do think we re-test 10k soon but I expect some more sideways movement as alts are gaining dominance and momentum. If we...
We're coming to the end of a long term triangle then a new trend will start. I think.
Maybe, maybe not. But I like the way things are looking right now!!!
As my old football coach used to say " aye, It's science". As you can see from the indicator that every time the chart throws a bear signal a bullish signal follows within a week. Based on the previous steady growth line and bear signal before the rise we have retraced to the lowest zone. Could that have just been wave one? I believe so, I made a chart using...
Here is an update zoomed in with the fib retracement levels. I believe we have finished correction. what do you think?
I re-adjusted the yellow edge to match the end of the current wedge
I have identified two tops of the big wedge. The green one is from the ATH and the blue one is from the tip of the solid portion of the candle. I like to look at them both because I think they both have different tells. The solid portions of the candles show where the majority of the volume for that candle took place but the tips can tell you how much believe or...
This assumes that the unsustained candle on 10-15-2015 was market manipulation/fomo and not part of the true growth pattern. At that time the global cap was so low that most new coins were pumped and dump. Since then, the primary focus of the DigiByte community has been steady and sustainable growth and steering as far away from pump and dump as possible. Due to...
Im not crying bear just yet