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malloofiscoofis

Top 10 Crypto Index Recovery

Long
malloofiscoofis Updated   
BITSTAMP:BTCUSD*16540250+BITFINEX:ETHUSD*94394503+BITSTAMP:XRPBTC*BITSTAMP:BTCUSD*38343841883+BITSTAMP:LTCUSD*52754932+BITFINEX:BCHUSD*16557275+POLONIEX:XEMBTC*BITSTAMP:BTCUSD*8999999999+KRAKEN:DASHUSD*7529690+BITFINEX:IOTUSD*2779530283+BITFINEX:XMRUSD*15027076+BITFINEX:ETCUSD*95139396   None
Trend Analysis Chart Patterns
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trendanalysis chartpattern
I created an index of the top 10 cryptos market cap combined. Healthy retracement on SEP 2 seems to have found a bottom at support levels. Expect some consolidation in the orange rectangle and a breakout soon after. Blue rectangle is support. Oscillators look good, MACD tightening and RSI bouncing off the oversold lows.
Comment:
After I posted this chart, news came out that China is banning ICOs. Check my updated chart for new support levels
Crypto Collapse support levels (China ICO Ban)
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