RUN is a BTC Bear FLAG!!!

27 févr. 2018

A Bear flag was just completed through the end of yesterday's close.
Supporting TA: Lower volume on advancing days (which includes yesterday), weak momentum going up.

Undermining TA: Above several MA's,

Sidenote: 2014/2015 there was a six month consolidation period with four distinct new lower lows. Currently, we have only had three new lower lows. We are only in the second consolidation month and history usually repeats itself.

27 févr. 2018

Note

The more comments I read from individuals the more I am concerned about this market. I see most individuals focusing on short term price. This is centered around overcoming 1,2,3,4 hr trend lines and the hope that BTC raising out of this descending channel. Even if we raise out of this channel we need to see some fundamentals improve....not just the price. Fundamentals are missing here. One obvious one is the volume which I mentioned earlier....very low despite the gains. Low volume on gains days and higher volume on losing days is indicative of a weak security. This is indicative of overall market weakness and the lack of people believing in this market.

Please look at the price charts for ETH/LTC/BCC(As calculated by TV). All the major cryptos lack fundamentals. All the other indicators are sideways, so, besides the price and the H/S pattern which is almost completed, is there anything else that supports BTC raising out of this descending channel permanently? Please let me know your insights.