In this article I will talk about another aspect of technical analysis, it relates to market size and confidence issues. After 2017's rapid growth, 2018 saw a decline in the value of Cryptocurency. Price from 20k to 5k7 (the last bottom) and still no signal to confirm up to 20k again. So where does the market go? comment below for discussion. I will give some...
This is a trend analysis. It is not a trade, so there is no etry point,take profit or stoploss. Today I will analyze the longer trend First we look at W2 candles. This W2 just hit the EMA50, which is a very strong resistance in technical analysis. Back to chart W1 we see the first price hit the EMA50 then up to Fibo 0.382, the second hit EMA50 then up to 0.618...