Pretty crappy time to end up with no access. Power has been restored today. I’m in the process of getting up to date on everything and will have a full post for you all tomorrow. I went through just now and updated all the shared charts. Bearish divergences on all the charts posted from the prior week have gone off.
BTC and ETH are sitting on the 50-Day EMA at the moment. There are some bullish divergence setups on multiple smaller timeframes so that is some slight promise for the near term. I’ll try to present a full picture tomorrow. I wouldn't be buying anything more for long-term positions just yet as I’m not confident the market is done with the bloodletting, but it’s close.
BTC wicks still didn’t make it down to the juicy buy zone but the EMA may keep it from falling that far. I’ll need a closer look tomorrow. A daily close below the previous low close of 58.4k would be bad for the bullish trend. The picture looks not great but the bullish trend is still intact for the moment.
https://www.tradingview.com/chart/xbB6lkZu/ ETH Chart
ETH on the daily does look all that different to BTC although in slightly better shape. The daily close needed to break a bullish trend is a little farther away just under $3940.
I know I still have the altcoin post to upload. Sorry for the delays (as usual)…
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