T
toknormal
Guest
Hi folks
Just wanted to post some significant market observations as a headsup !
We had that big bullish movement in the Dash/BTC market back ion late December. Because it was so rapid, the market's been consolidating from that rise since then. It's now traded into a corner which means one of two things: break up or break down.
Looking at the auxiliary indicators, however, to me it looks like breaking up:
Chart ranges are all starting to line up with the same story. Upside momentum at the shorter ranges is being supported by a cross to the upside at the long 1-Day and 12-hour ranges..
The more leading volume indicators are also agreeing with this trend, though more tentatively which is normal.
Finally, on the price trace, even the dumps are barely registering on the longer term trend which has pitched up in concert with its background indicators.
We now have momentum, volume and price all rotating upwards at both short and long ranges. The reason ? Looks to me like there has been slow but steady accumulation and supply has simply run out at these levels.
Just wanted to post some significant market observations as a headsup !
We had that big bullish movement in the Dash/BTC market back ion late December. Because it was so rapid, the market's been consolidating from that rise since then. It's now traded into a corner which means one of two things: break up or break down.
Looking at the auxiliary indicators, however, to me it looks like breaking up:
Chart ranges are all starting to line up with the same story. Upside momentum at the shorter ranges is being supported by a cross to the upside at the long 1-Day and 12-hour ranges..
The more leading volume indicators are also agreeing with this trend, though more tentatively which is normal.
Finally, on the price trace, even the dumps are barely registering on the longer term trend which has pitched up in concert with its background indicators.
We now have momentum, volume and price all rotating upwards at both short and long ranges. The reason ? Looks to me like there has been slow but steady accumulation and supply has simply run out at these levels.