Market Cycle Analysis July 26th, 2018
Signs I am looking for to indicate a phase transition:
Obvious capitulation (30% drop on high volume) likely down to the 3-5K Zone (between line 1 and line 2) This could signal the start of the Accumulation phase — Note that $5k has not solidly been retested as support, whereas $3k has.
Higher Higher above $10k (line 4) and the 50W MA (purple line) turning from resistance to support. Together these could signal that the bull phase has begun. And that the zone between $6k and $10k was the accumulation phase with no drastic capitulation.
Price to create a longer horizontal channel between $6K and $10k possibly indicating the accumulation phase has begun. - - - Transition from lower highs and lower lows into a flat channel
https://www.coinigy.com/s/i/5b59f3aaa3bca/