In last ( ) analysis I mentioned the EMA100 (blue) resistance rejecting bitcoin’s continued growth and the fact that needed to retrace before trying again to break it, but something changed.
All throughout last year until recently, all sort of bear action would come up with massive strength and momentum, but this is no longer the case.
It took 5 months to break above EMA50 and turn this resistance into support. Now, each time we had a retrace, we would see each being taken out very easily, but now is showing great strength.
The first support after the 23-Feb. peak was reached was marked by EMA10 (green). dropped below it just to quickly bounce back up and it then took the bear bots 19 long days to painfully break this resistance, EMA50 still remains intact.
This is the type of strength that we haven’t seen in years.
Bear is really low, looking at the chart above, meaning that nobody wants to sell their .
The altcoins market is booming. We have altcoins such as Everex ( ) generating up to 300% profits in a matter of days and many more are setting themselves up for similar gains.
You can see it here:
On top of the few strength signals mentioned above, had the longest streak of action on the weekly time frame since 2017, and even though we are retracing now I’ve reached the conclusion that Bots Switched from to .
can still drop lower but not as much as we thought before. We still trade with caution, remain open to all scenarios, and profit even more trading as many altcoins as we want.
What’s your time on and where is it headed next?
Hit like and leave a comment, I believe that 2019 will be an awesome year for us to trade.
I AM NOW SUPER FOR 2019 AND BEYOND.
Thanks a lot for reading.
Namaste.
Published at Tue, 26 Mar 2019 12:00:56 +0000
