It’s been a great week for altcoins, such as XML (30%), ETH (15%) and XRP (14%). The main question in this analysis is to answer: we did this to be able to see it come to this? Also, if we look at the price of a single bitcoin.
Not in the mood to read it. Axel is here to help you:
Contents
Well, we were able to get a
Altcoins, such as Stellar (XML) are preparing themselves for months for a price increase. This will only happen, however, is in the background. In the chart below, you can see in the chart, from the Stellar (XML) expressed in terms of bitcoin. As the graph shows, therefore, is not the value, in u.s. dollars or euro, as you might be used to.
This is a graph that is useful for investors by way of trading in altcoins is more bitcoin is like money. You can see a green candle, then the rise in the price of an altcoin faster than bitcoin.
But hey, I digress. On the graph, you can see a negative divergence. And that could be a harbinger for a significant increase. One is that we have Wednesday also saw it.
The negative divergence? This means that, in the course of a Stellar (XML) is becoming lower and lower bottoms make. You can see on the chart, with the falling orange trend line. However, the RSI is rising right decision. Also, there are baffles, but that will become more and more demanding. That is, we display it on the graph by the rising orange line. This is the difference between the share price and RSI, that’s what we call a negative divergence.
You can also see that the RSI is very high. If the RSI is above the purple zone, talk of the overbought. The price is hard to increase in the next few days, I have to decline.
For other altcoins to be the case
About you: nice, but that’s just one example of this. But as you can see, the same pattern of the other altcoins. Let’s take a tour through the various altcoins. All of the graphics are in comparison to bitcoin.
Ethereum (ETH zurich):
Litecoin (LTC)
To Ripple (XRP), even in may, when we use the trend lines a bit less accurate drawing:
Correction: regarding the RSI, the bitcoin exchange rate
We would like to close with a brief correction, and a look at the bitcoin rate of exchange. In the YouTube comments, there were a couple of comments about the koersanalyse of the week. And they were right. We were not at all made clear in our final analysis.
We may be too quick of a conclusion to a response to a tweet about the give and the bitcoin price. At the moment it is difficult to comment on the bitcoin exchange rate if you use this in addition to the RSI page. We would like you to, in any case, thank you for your attention!
In the next few days, in any event, it’s interesting to see the triangle to follow (yes, darn it, there it is again). But before that, the triangle is the launch of the Bakkt on Monday, the 23rd of september. Let’s continue to speculate. What can I do?
Pros: The hype is real. Bakkt is just one push-up, and bitcoin is breaking at the top of the triangle. The race is on for the all-time high.
Non-Bakkt it has no effect on the share price. We’ll have to wait until the triangle has been played out in mid-October.
Cons: Buy the rumours, sell the news. It is possible that the launch of the Bakkt is already priced in is the. Investors grab profits at the time of its launch, and the price of bitcoin is dropping because of this.