Why the #cryptocurrencies are a falling knife now $BTC.X $ETH.X $LTC.X #bitcoin #ether #ethereum

As long as *fundamental positive* news will be non-existent,

the established downtrend continues with reactions far smaller than the downtrend segments in-between.

Reactions are selling opportunities.  A classic falling-knife behavior.

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Bitcoin/USD ($BTC.X) daily

• Support @$6,000

 

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Ether/USD ($ETH.X) daily

• One support, broken. Two more to go.

 

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Litecoin/USD ($LTC.X) daily

• Support @$100.

 

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#bitcoin, trends, filters, and stop-loss $BTC.X $ETH.X $LTC.X

Bitcoin/USD ($BTC.X) daily

• Downtrend highlighted by a bandpass filter (pane #3).
• The filter adds trend confidence when haDelta offers whipsaws.
• haDelta points to a reversal that needs to be confirmed by the bandpass filter (BP).

 

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Bitcoin/USD ($BTC.X) weekly

• Here, the bandpass filter (pane #3) has a positive slope, but…
• haDelta points to a reversal at zero.
• Best is to wait for haDelta action.

 

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Bitcoin/USD ($BTC.X) monthly

• A downtrend highlighted both by haDelta and the bandpass filter (panes #2 and #3).
• The month is not over yet (technical indications may change).

 

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More selling, less buying $SPX $SPY $DIA $DJIA #markets #trading #investing

S&P-500 daily

• (+-) Consolidation with a negative bias
  • (-) The close is near the recent low and very far from the January top
  • (-) The close is below the Ichimoku cloud
  • (-) Chikou-span is below the price

• (+) S&P-500 is resting on support (subchart #2)
• (+-) haDelta may turn above its average (subchart #3)

 

This time it’s serious $SPX $SPY $DIA $DJ30 $QQQ $COMPQX #DJ30 #Nasdaq #markets #trends

SP-500 ($SPX) weekly

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DJ-30 ($DJ30) weekly

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$QQQ weekly

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Twitter time $TWTR #twitter #trends #markets

Twitter ($TWTR) daily

 

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Bearish signal for $ETHUSD #cryptocurrencies #ethereum #litecoin #bitcoin

Ether USD ($ETHUSD) weekly

 

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Bad (ugly) technicals for $GE #trading #investing #technicalanalysis

General Electric ($GE) daily

• (- -) Two gaps down with black candles
• (+) Oversold (see haDelta)

 

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