Judging on volatility pattern, blow-off top in running volume pattern and possible liquidity shortage due to regulation issues in China, market conditions on bitcoin are changing. Knowing bitcoin history one can easily deduct that such conditions are going to be very attractive for acccumulating BTC as it is going to get a relatively cheap and even riskless...
That's my plan for monetizing a bet on Marine Le Pen :p (also federal election in Germany in September, possibility of Grexit, hard Brexit and whatever you think may be wrong on the old continent)
Dogecoin has no purpose other than being pumped and dumped. Thus it is a truly natural market, where everyone is driven not by any rational arguments but only by a strong wish to make money. For a savvy speculator it is of no difficulty; though new players, driven by mostly by newslines and Twitter trends (which always appear too late), do consistently lose money...
I personally am not going to trade ETH until the current hard-forking situation becomes clear, but here is an interesting observation - minor, intermediate and major EMAs are currently in one place. It means that ETH price has reached an important consensus and from now on a big move is to be expected. Directional system shows us that the big uptrend is as good as...
This chart is not for trading purposes, but rather for keeping a big picture. BTC does not have so much history, but its first big bear market just happened to take place while DXY was having a strong bullrun. Coincidence? Definitely not, as BTCUSD still has USD as a denominator :D So when think about where should dollar go in the next few years, does BTC really...
Not much to say here, just look at the chart: 1) Trend is definitely up with all the EMAs stacked above each other 2) We might see a fractal pattern from the late 90s Awesome Oscillator shows that there is need for some correction until the end of this year, which should lead us to the 90-88 level, from there another rally is to be expected.
LTCUSD finished its correction and is currently consolidating, ready for continuation of the major uptrend. Let's look at underlying near-term trends: 1) Money Flow seems to be breaking its down trend while forming a new up trend, which shows an increased interest on the buying side. 2) Futures premium (calculated based on OKCoin index and OKCoin quarterly...
TA is actually pretty simple here: 1) Bollinger Bands analysis - notice how the price was three times outside my BBs (21), marking a special condition of the market. That condition is called mass hysteria and it always calls for some kind of correction, which must lead us down enough to compensate previous strong bullish euphoria or speaking more technically -...
Guess the chart is pretty much self-descriptive :)
Alright so it's my first idea here and my chart may not look so nice and professional, but I really wanted to share following observations I made based on simple indicators: We are losing bullish momentum, so I would not expect the rally to continue until we break 0.382 fib level, a better idea would be to wait until retracement to the cloud/0.786 support with new...