Alt market more Bullish than Bitcoin
מעודכן
When looking at this chart, we can see the crypto market is in a much better shape than when looking at BTC' or ETH'. That bearish wedge i showed a week ago failed completely and made a counter move up, which is a sign. Normally indicating a bigger, not just the small move up we saw the past few days.
Now when looking back to the shape of 6 months ago, we can see it is a bit similar. Also a consolidation phase. This time, we can see this leg up (assuming we are at the same spot now), is much stronger than the other blue circle. Back then, we did not even get close to the red zone. This time we are already inside of it and until now, we are seeing a bull flag forming. I assume the price chart is correct, i just don't know if the volume we see is real or not. If it would be real, a break up would be 90% sure, but i assume the volume is not correct. I have no reason to assume it's wrong, just that until now, all the info i received in crypto world, has been wrong most of the time. Or not complete or unconfirmed. So to be honest, just don't know. If someone does know, please share. On the right we have that green support zone, a level that can not break anymore. If this is a real right shoulder, the bulls need to keep it above that support zone. It needs to touch the 64/65 first before touching the 60 again.
Previous analysis:
Now when looking back to the shape of 6 months ago, we can see it is a bit similar. Also a consolidation phase. This time, we can see this leg up (assuming we are at the same spot now), is much stronger than the other blue circle. Back then, we did not even get close to the red zone. This time we are already inside of it and until now, we are seeing a bull flag forming. I assume the price chart is correct, i just don't know if the volume we see is real or not. If it would be real, a break up would be 90% sure, but i assume the volume is not correct. I have no reason to assume it's wrong, just that until now, all the info i received in crypto world, has been wrong most of the time. Or not complete or unconfirmed. So to be honest, just don't know. If someone does know, please share. On the right we have that green support zone, a level that can not break anymore. If this is a real right shoulder, the bulls need to keep it above that support zone. It needs to touch the 64/65 first before touching the 60 again.
Previous analysis:
הערה
Moving very nicely inside that bull flag now, same story as Bitcoin, the low has to be set now. We should see the market turn slowly up again. הערה
I get an error when trying to respond to the comments here :(
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