The Nagus Report 07/12/2017

in #bitcoin7 years ago (edited)

Image of BTC chart

Profits to return next week?

Some negative trends hitting the floor with upward momentum building in the histograms.
Look for value increases to occur with some force as cryptos, currently, feel overwhelmed by short-term speculators.

Without any significant MACD crosses, towards the upside, I'm still seeing negative trends until a week or two. If you're bargain hunting - these 'sales' won't last long.

DASH is looking very bearish... Ouch! if you're buying right now without a long-term plan. Still.. buy when the bleeding stops 'cause DASH is in major pain probably until BTC pops back up.

BTC (Bitcoin)

Overall trendMACDDivergence
NegativeBears weakeningDecreasing

ETH (Ethereum)

Overall trendMACDDivergence
NegativeBears weakeningDecreasing

STEEM

Overall trendMACDDivergence
NegativeBears weakeningFlat

DASH

Overall trendMACDDivergence
NegativeBears StrongPositive

XEM (NEM)

Overall trendMACDDivergence
NegativeBears weakeningFlat

Thanks for reading!
Happy crypto collecting.

-The Nagus

Using MACD and Histogram-based trend line analysis.
Analysis is based on bitUSD (BitShares), Coinbase, Poloniex and others depending.

Image source: http://kiddynamitesworld.com/bitcoin-as-a-metaphor-for-everything/

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