It's kind of late in the week for a mad bull run to blow through all the resistance, so I anticipate this week's slow side track to pop pretty hard. That said, it is obvious that an amazing array supports and resistances are converging no matter how you chart ETH & BTC. Whichever way it is about to go.. it's going to go hard. I'm still pessimistic about chances for a massive recovery right now, I think we're in for at least a few more weeks of bear territory.
SAR & PSARS are also indicating a downturn.
This chart is on the 1 hour because I'm trying to anticipate when the moment of truth will be. Pretty much the same story on the 4H but more extreme which changes the lines. Note that the lines in the oscillator (not MACD) are copies of each other! Seems to work pretty consistently.
SAR & PSARS are also indicating a downturn.
This chart is on the 1 hour because I'm trying to anticipate when the moment of truth will be. Pretty much the same story on the 4H but more extreme which changes the lines. Note that the lines in the oscillator (not MACD) are copies of each other! Seems to work pretty consistently.
