On October 13, IncomeSharks, the data encryption and market education cloud platform, released an article on BTC (BTC), its dominant position and its impact on altcoins on Twitter.
A recent post said that altcoins had run out, which would be good news for the managers of the encryption market, because its dominant position has risen. With a large amount of capital flowing into a property, this is also the perfect standard for BTC rebound.
The price of BTC is consistent with the moving average of the 9 index (EMA) market, because it cannot successfully break through this line, causing the price decline in the past few days.
The early signs indicate that BTC is preparing to rebound, at least as shown in the 4-hour chart. One sign is that the difference between the 9 to 20 moving averages has narrowed at this stage. If the 9 EMA exceeds the 20 EMA in the BTC 4-hour chart, it will be a strong data signal of rapid price rise and profit taking opportunities.
In addition, if the relative intensity index value (RSI) rebounds from the RSI SMA line and its gradient direction becomes just right, then investors and traders can enter long positions for crypto market managers.
The price of BTC is in the safe channel of integration on the daily chart, because the coins are waiting for the best time to rebound. This can also be seen from the linear slope of the daily RSI. In the past two to three days, the RSI is basically the same.
At this time, investors must pay high attention to the relatively low time frame to confirm the perfect progress. Because the things in the chart of the smaller time frame will also slowly progress to the daily chart in a few days.
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