As we can see , BTC is going down after ETFs delays till 30 September 2018. All crypto market is waiting for that response , so I think the next weeks we'll stay in this range : 6.8k-5.8k . This should be final bottom ,but ETFs are very important for entire crypto market and for its price for mid-term.
Now EMA 20 crossed EMA 50 , so is an additional indicator for what we'll see in the next weeks ( this year happened two times , and its durations was 95 days and 71 respectively.
Now we saw bulls response around 6270$ (daily chart ) , it'll form another descending triangle probably.
Capitulation , anger , depression , disbelief - this chart is saying same thing .
Lower lows ( in price for BTC ) + higher lows for MACD : Bullish sign for BTC.
All this market wants same thing : BTC ! We'll see new ATHs for sure !
Thank you Bravehearts , if this helped you , please LIKE and SHARE my thoughts / work , and FOLLOW ME ,it helps me a lot :
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.