The monthly chart of BTC is from the Bitstamp exchange and the current month is actually a green heikin ashi bar. Does this mean that BTC has completed the downtrend and it's all upside from here? Nope. Many traders wait for 2 bars before getting in and that is no guarantee.
Stochastics are leveling off which is a good sign for those that are bullish.
The weekly chart shows the current reversal to the upside and the support around the 5900 level.
Stochastics are heading back up and may complete the cycle back to the over bought area >80.
In order for BTC to start creating higher highs, it needs to break above the 9948 level.
On the daily chart, the 200 day moving average (orange line) appears to be providing resistance.
If BTC finds support soon and reverses back to the upside, it will put in a higher low which is a good sign for those that are long.
Total marketcap dominance has BTC on the uptick (Orange line)
The 'alt' coins are represented by the Silver line and are on a slight sell off.
ETH is also on a slight decline (Blue line)
Bitcoin Cash is flat (Green line)
Google trends for the search for Bitcoin has a chart that somewhat resemble the actual BTC price chart.
South Africa has held the number one spot for months.
I've speculated that the lows for BTC have been put in for 2018 and that the 2nd half of the year will grind back up. I still think that this scenario will play out, but I'm not sure where the price will be at years end. (Not that the end of the year has any effect on price)
very well @glennolua excellent job
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