BTC chart review June 6th, 2018 @ 18:00 PST
The monthly chart from Bitstamp shows the latest downtrend with 5 red heikin ashi bars.
Stochastics are starting to level off which may be a very slow turn around.....?
BTC basically went on a parabolic move to the upside which went too far too fast. Next time I think many will be bailing out sooner, at least the traders...
The weekly chart from Bitstamp shows the latest downtrend with 4 straight months of red heikin ashi bars.
But as you can see with the trend line, it is ascending with higher lows from Feb, March and May.
Stochastics are nearing the oversold 20 area, ready for a rebound?
The daily chart from the Gdax exchange shows the major drop in Feb, then the major lows getting higher. This is a good sign technically because if the Feb low is taken out to the downside, it will be producing lower lows which is the signal for lower prices.
This is a daily line chart performance comparison of BTC in Red, Bitcoin Cash in Blue, Bitcoin Gold in Orange and Bitcoin Diamond in light blue. It appears that BCH has the most interest regarding the forked cryptos.
Another daily line chart to see how the other top cryptos compare to BTC which is red, ETH in Black, Dash in Green, LTC in Blue. Only ETH seems to go on it's own at times.
Google trends for the U.S.A., the search for Bitcoin has dramatically dropped along with the price. The number one state that searches for BTC? Hawaii followed by Washington.
Google trends worldwide for Bitcoin has a similar chart for the U.S.A. South Africa has the number one spot regarding the searches.
Some of the latest random news headlines from Google news:
I pointed out months ago (I believe it was February) that the low price for Bitcoin in 2018 was Feb 6th. So far so good and I think (speculate) we may get a summer or at least a fall rally.
@glennolua Your post show a wide range of information, and how they bring the changes by months (Coinbase).
Thanks for visiting the blog, glad you found it helpful.
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Coins mentioned in post:
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