Interesting Charts

in bitcoin •  7 years ago 

Bitcoin versus the USD, looking at the similarities between the 2 currencies pivot points. There are some pivot point timing points, not necessarily all and there is a lag by a 3 or 4 days. It's more noticeable when channels are added. Of course the beta is different.

Looking at the resent action there's a diversion between the 2 currencies.... USD up and Bitcoin down

Silver is looking interesting, had to go side ways some more over the last year and half or so. It will break out to the upside, just a matter of time.

The very bottom chart is crypto total capitalization. I hate to say but 225 billion isn't out of the question, but the descending wedge is bullish, so that's a good thing.

BTC - USD April 5, 2018.... cycles moving together.png

silver double zig zag or A down B up A down B tiangle C down, 2018 weekly.png

silver double zig zag or A down B up A down B tiangle C down, 2018.png

Crypto total market capitalization chart - maybe hit 225 Billion...... April 4th 2018.jpg

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Yeah, I'm still suspect that BTC sees a 6K touch or below, but it sure is being stubborn in the high 6s of late. I like silver long-term, picked up some physical silver couple months back.

I'm having the same read on it. An interesting thing I'm noticing is that some of the tokens that have a possible future are coming to life.