BTC chart review, April 19th @ 20:10 PST
Here is a monthly chart of BTC from the Bitstamp exchange dating back to 2012. It has printed 3 red heikin ashi bars illustrating the downtrend.
Stochastics are still rolling over to the downside. (Note that this is a very long term view)
You can see one thing very clearly with this chart, how the bullish run up was over bid to the upside with many of the bars outside of the bollinger band.
Look at the peak wick on the highest bar and look how high it was over the bollinger band. It will be interesting to see if that happens again with BTC. Definitely a possibility, but if you see it, one thing you may want to think about is selling some...
The same chart with a weekly view. It has printed a green bar which is a good sign for those that are bullish. (Most people)
Stochastics are turning up which is also a good sign for those long.
The daily chart from the GDAX exchange shows the recent bullish trend with the green heikin ashi bars, bullish
It is trading above the 20 dma, bullish
Stochastics are embedded, bullish
The last downturn did not drop lower than the feb 6th low, neutral/bullish.
Technically, it needs to trade above the 11,645 level to start producing higher highs. (And possibly higher lows)
A four hour chart from feb 6th shows that BTC is up 34% since the low.
This is a line chart from the start of 2018 for BTC in red, ETH in black, Dash in green and LTC in blue. Not too much deviation between them.
BTC is 38% of the total crypto marketcap and dropping while the 'alts' are at 24% and rising. It's interesting to see that even though BTC is appreciating in value, it is declining in marketcap compared to the other cryptos. There is a lot of interest in the small and mid cap cryptos.
The average BTC transaction fee is $1.06
A few of the latest news headlines from Google news:
I've been mentioning in the BTC chart review posts that the feb 6th was the low price for 2018. It has not be broken to the downside yet and it still may be the low point for 2018....?
Its nice information provided. It is nicely elaborated graphically. Thanks for sharing.
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Hi glennoula,
BTC has been rising all day and I wonder if the price will keep going down from Friday night thru the weekend as it has been during the past.
I don't think there is a correlation with the weekend. It trades 24/7 and does not distinguish between days of the week or time IMO.
Really? May be just a happened that BTC and Steem comes down in price on the weekends.
Really something very interesting to be observed in this post brother @glennolua
I really love what you show today.
Hi, thanks for visiting the blog
nice to see you.. and..thank you so much..for.your update news...
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Bitcoin is dead $BTC
Thanks for sharing valuable information....
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Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around
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