By John from a More The (Bitcoin Consultant) – The bitcoin (BTC) exchange rate does not have a lot of it, but for some of the bigger altcoins, it is the daily trend has changed. A cause for celebration or not? A brief look at the bitcoin price and after that, I am diving deeper and deeper into the altcoins.
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Bitcoin (BTC) exchange rate daily graph
The bitcoin exchange rate doesn’t do much, but it has to be a daily higher low (see figure 1 below, ed.). the formation I was looking for, although it will be in the form of a wick.
Thus, the market price support is lost from the 12EMA and 26EMA that the price is probably a little further down, but in the balance, the pattern will continue, which I mentioned in my previous analysis, and described.
For me, the only really interesting if the price on one of the red lines ($10.460 & $9.875) breaks down and in the direction of give in the track. For now it seems like everyone is looking at the increase in the altcoins.
Figure 1: Bitcoin exchange rate with a daily low has been formed, and is therefore in the equilibrium model.
EOS, Ethereum, and Litecoin
For weeks now, I hold several major altcoins in the eye, which is a first indication that it would be able to give you a break in the trend at the moment.
Therefore, I see it most in the larger, more well-known altcoins like Ethereum and Litecoin.
In addition, it has also certain EOS, in the past week, a significant increase, however, is a departure from the trend in previous months by 2019. More importantly, I think, or the weekly trend is about to change.
Ethereum (ETH)
Ethereum was for a few months now in a downtrend with the 12EMA and 26EMA each end were available. That has recently changed.
The daily trend has changed, with higher lows and higher highs (see figure 2 ed.).
The 12EMA and 26EMA are going to be a bullish cross. We should all be happy and there will be a altseason?
The daily trend to change, it is just a start, but let’s take a look at the weekly chart.
Figure 2: daily trend has changed and there appears to be a bullish cross of the 12 and 26EMA.
On the weekly chart (see figure 3), ed. it shows that the increase in low and in descending order of volume, that tells me that the movement is not very strong.
In addition, there is also resistance to the confession of the week the 12 and 26EMA.
The price will most likely be a lower high (“LH”? figure 2) is to be formed. In the bullish scenario, the stock price, then, according to the red line and a higher low (HL) and higher high(HH) should constitute the.
If this fails, then the downtrend to continue.
So there is the beginning of the day to day change in trend, but can actually be much rejoicing and I am waiting on a weekly higher low.
Figure 3: For the bullish scenario, the price of a high-low (HL) and higher high (HH) types.
Litecoin is shown in the following figure-4, ed. camera (as shown in the figure 5, the ed.). make the same kind of graph.
The EOS also has the highest rate of increase, and has already made a bullish cross of the 12EMA and 26EMA. The other alts will follow?Figure 4: Daily stock price change of Litecoin (LTC).
Figure 5: in EOS, it is the biggest riser of the three, and there has been a bullish cross of the 12EMA (blue line), with the 26EMA the red line)
Conclusion
And the bitcoin price continues to be in the day to day balance in the pattern of sitting and it will be really interesting to see whether the direction of the direction being given. This will happen if the price of $10.460, or $9.875 to break it.
All eyes are currently focused on altcoins, who in their day to day the trend has changed and volatility.
The trend for me at the weekly charts to be changed before there is a cheer that can be used. It also has the biggest riser for the time being. Ethereum (ETH) and Litecoin (LTC) to sit right at the back.
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