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Bitcoin (BTC), Ethereum (ETH), Crypto (MCO), Zcash (ZEC)

15 Nov Bitcoin (BTC), Ethereum (ETH), Crypto (MCO), Zcash (ZEC)

Posted at 07:09h in Cryptocurrency News by

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Bitcoin (BTC)

Bitcoin (BTC)

Bitcoin’s buy entry with the Point & Figure chart style remains unchanged from weeks prior. The entry on the chart above has existed since October 26th, 2019. We can see that price has made a greater than 50% retracement of the previous column of Xs and has dropped back below all of the dominant objective trendlines. An entry at $10,200 remains the best entry on this chart. The double-top that would form at $10,000 would be broken at $10,200. Additionally, the entry is a condition where price breaks above a series of powerful downtrend lines and thereby shifts Bitcoin into a bull market on this Point & Figure chart.

Long Entry @ $10,200

Ethereum (USD)

Ethereum (ETH)

Ethereum has one of the ugliest looking Point & Figure charts I’ve seen. There has been a large amount of whipsaw price action, but thankfully using a Point & Figure chart…

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