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Consensio: P > S MA > M MA > L MA (just made golden cross)
Patterns: Phase 7 hyperwave | A&E
Horizontals: R: $3,890 | S: $3,860
Trendline: At $4,642
Parabolic SAR: $3,478
Curve: Spot < March < June (is there a name for that?)
BTCUSDSHORTS: Trying to
Funding Rates: Longs pay shorts 0.01%
TD’ Sequential: G4
Cloud: Looks like a kumo twist is incoming
Index: Rolling over at 70
Average Directional Index: Will it create higher high?
Price Action: 24h: -0.4% | 2w: +12.1% | 1m: +5.6%
Bands: Full candle above top band
Oscillator: > 80
Summary: It has been a very long time since the crypto markets were this interesting to me. has an incoming monthly buy signal under 15 which has only happened one other time…at the bottom of the 2015 bear market.
This is very hard surprising to me as I did not feel the fear of capitulation and therefore would have a very hard time believing what that is telling me. I firmly believe that emotional analysis > > . Therefore I am holding onto significant suspicion when analyzing the technicals due to my firm belief on where the emotional state of the market is.
The technicals on alts are also much more than I want to believe. They are checking all of the boxes to make me think a full on alt season is around the corner.
ETHBTC Monthly
This is the single most chart I have seen in crypto since 2017. A monthly buy signal under 20 is one of the most potent ways for me to recognize a bottom. The fact that it is coming right after a monthly red 9 has me very, very interested.
I have been so for so long on alts that this is difficult for me to wrap my head around. How could we possibly get an alt season while has so much over resistance and is showing strong signs of a continued bear trend (200 day and 50 W MA are as as it gets).
This is when it is very important for me to trust in the technicals and also prepare for every situation that I can imagine, such as an alt season in the midst of a bear market – something I previously thought was close to impossible.
ETHBTC Daily
The Daily looks like it could provide a very nice entry over the next couple days / weeks. If we pull back to the 50 , find support and then go on to make a Golden Cross then I will be ready to bet big.
Published at Wed, 20 Feb 2019 01:27:04 +0000
