log + linear comparison of BTCUSD 2013-2019 and ETCUSD from 2016
This graph shows a log + linear comparison of BTCUSD 2013-2019 and ETCUSD from 2016-2019
Point of Control POC is used for identifying support levels: price point with highest trade volume. This is used alongside Relative Strength Index RSI to identify buy in opportunities that follow from six bearish periods. 50 day moving average MA used for the linear graph and 50 day exponential moving average EMA used for the log graph.
Automated BUY(green)/SELL(red) based on the Tether Line Backtest by HARRY POTTER. It was named this way because prices have a tendency to cluster around it. It means that BTCUSD/ETCUSD prices tend to move away from the midpoint between their 50-day highs and lows, then return to that midpoint at some time in the future.
By looking at movement of BTCUSD during this time we are unable to confirm that our current support level will hold. If it doesn’t I would think we dip down to approximately $2700 and re-test. With this said research reveals BTC accumulation is taking place OTC. That could mean that the start of our next bull run will take place unknowingly because the indicators from this graph will not capture these data.
Ethereum Classic indicators (which are all explained on the graph) do not confirm a trend up or down. This is partially because its value is linked to that of BTCUSD and the general sentiment of the crypto market. Like BTC, ETC accumulation is taking place in the OTC market evidenced with various data points not highlighted here. Any dips down to $3.6 seem an undervalued price in my opinion.
Point of Control POC is used for identifying support levels: price point with highest trade volume. This is used alongside Relative Strength Index RSI to identify buy in opportunities that follow from six bearish periods. 50 day moving average MA used for the linear graph and 50 day exponential moving average EMA used for the log graph.
Automated BUY(green)/SELL(red) based on the Tether Line Backtest by HARRY POTTER. It was named this way because prices have a tendency to cluster around it. It means that BTCUSD/ETCUSD prices tend to move away from the midpoint between their 50-day highs and lows, then return to that midpoint at some time in the future.
By looking at movement of BTCUSD during this time we are unable to confirm that our current support level will hold. If it doesn’t I would think we dip down to approximately $2700 and re-test. With this said research reveals BTC accumulation is taking place OTC. That could mean that the start of our next bull run will take place unknowingly because the indicators from this graph will not capture these data.
Ethereum Classic indicators (which are all explained on the graph) do not confirm a trend up or down. This is partially because its value is linked to that of BTCUSD and the general sentiment of the crypto market. Like BTC, ETC accumulation is taking place in the OTC market evidenced with various data points not highlighted here. Any dips down to $3.6 seem an undervalued price in my opinion.