Though I don't trade crypto currencies but I am big admirer of Blockchain technology and the idea of Independent Currency for Internet.
I have done this analysis on the request of one of my student as he has been thinking of buying some bitcoin for last couple of months.
Bitcoin it seems have found its near term bottom after year long consolidation and once it...
The average directional index (ADX) is used to quantify trend strength. In many cases, it is the ultimate trend indicator.
It's clear from the chart that the ADX has bottomed and there is no strength left in the trend. This shows that BTC has entered accumulation since Dec 2018 and there's very little chance of seeing new lows
Coin Market Cap Analysis by Crypto Earnings on 1 week chart. Both the situations are mentioned as market can breakout upper side then we can expect Bull run. If CMC breakout downwards then BTC can Dump upto @2800 level