DOT Fallign EdgeDOT seems to have broken its falling edge and now its using long trend (green) as support.
Hopefully we will see price increase in the next upcoming weeks.
Fallingedge
BTC/USD - Will we see a Death Cross on the Bitcoin 1 week chart?Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe.
Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that the 50MA did come very close to crossing under the 200MA around the week of the 30th Nov 2015 but in the end, it didn’t happen.
Other notes:
BTC is still in a Massive Ichimoku Y-Wave pattern.
BTC is also still in a massive Falling Wedge Pattern.
BTC is still under all 3 of its major unique Ichimoku Kumo (Cloud) patterns.
BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA.
Looking at the Chaikin Money Flow, we can see that we are still in the Distribution Zone traveling slightly upwards but would say more like 'sideways within a range' on this 1 week timeframe. Note that the CMF (Green Line) is still under its Least Squares Moving Average (LSMA) (Blue Line) which is a sign of continued weakness on this 1 week timeframe.
Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) but has starting to slope downwards. Note that both the MACD Line and Signal Line are still deep in the Negative Zone under the 0.0 Base Line. Note that the last green histogram had also decreased in size and this weekly one looks like it will also close smaller than the last indicating upwards momentum is weakening on this 1w timeframe.
Interesting times and potential opportunities ahead once this World Recession bottoms.
I hope this quick chart is helpful.
I see falling edge on EGPROThere is a falling edge in the graphic. If it goes down the support stop loss.. if it is goes up towards sell target about 37
