General Tone:
We spot signs of bearish divergence by comparing "zones" of moving averages. What we see in the past 24 hours was a strong case of trending well above the 55 EMA. But now, we see most, if not all coins, trend either well below the 200 EMA or between the 55 and 200 EMA. We first look for these bearish signs on a low time frame by comparing it to the previous 24 hour history. When or if these trends cascade over to higher time frames, we can confirm and overall-all longer degree short-term bear trend.
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BTC: 357j3P2CuybfWh13V4uig9TJDJdqiR8CMx
NEO: AYBJHjrQFQij7kCmwun97PVEiRkRgFamMn
EOS: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
Ethereum: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
LTC: LL7misJsxX8kDzjnbvxupetVykCP58B1ZD
Bitcoin Cash: 199rQASMB5zVe9nEWwG34n1jEL24bYxCFz
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 120086840
Educational info !! Thanks very much
maybe BTC will now correct above the trendline back down to hit it as support to go up again.
To the left to the left. I sang along Phila!
GOING DOWN !!!
this is my favourite one!!!
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