Some negative trends hitting the floor with upward momentum building in the histograms.
Look for value increases to occur with some force as cryptos, currently, feel overwhelmed by short-term speculators.
Without any significant MACD crosses, towards the upside, I'm still seeing negative trends until a week or two. If you're bargain hunting - these 'sales' won't last long.
DASH is looking very bearish... Ouch! if you're buying right now without a long-term plan. Still.. buy when the bleeding stops 'cause DASH is in major pain probably until BTC pops back up.
BTC (Bitcoin)
| Overall trend | MACD | Divergence |
|---|---|---|
| Negative | Bears weakening | Decreasing |
ETH (Ethereum)
| Overall trend | MACD | Divergence |
|---|---|---|
| Negative | Bears weakening | Decreasing |
STEEM
| Overall trend | MACD | Divergence |
|---|---|---|
| Negative | Bears weakening | Flat |
DASH
| Overall trend | MACD | Divergence |
|---|---|---|
| Negative | Bears Strong | Positive |
XEM (NEM)
| Overall trend | MACD | Divergence |
|---|---|---|
| Negative | Bears weakening | Flat |
Thanks for reading!
Happy crypto collecting.
-The Nagus
Using MACD and Histogram-based trend line analysis.
Analysis is based on bitUSD (BitShares), Coinbase, Poloniex and others depending.
Image source: http://kiddynamitesworld.com/bitcoin-as-a-metaphor-for-everything/
