[isatrader]

Bitcoin holding at the 200 day MA and 50 day MA test so far. But yesterdays price and volume was a definite change of behaviour over the last few months price action. Weekly chart still in Stage 1, so this recent price action likely define the top of the Stage 1 base.

       

[pcabc]

Bitcoin holding at the 200 day MA and 50 day MA test so far. But yesterdays price and volume was a definite change of behaviour over the last few months price action. Weekly chart still in Stage 1, so this recent price action likely define the top of the Stage 1 base.

It is interesting how closely the close tracks the 200 day SMA and the lower wick the 50 day SMA.  Not that those averages cannot be breached, but it is interesting that they were not.

[isatrader]

Bitcoin holding at the 200 day MA and 50 day MA test so far. But yesterdays price and volume was a definite change of behaviour over the last few months price action. Weekly chart still in Stage 1, so this recent price action likely define the top of the Stage 1 base.

It is interesting how closely the close tracks the 200 day SMA and the lower wick the 50 day SMA.  Not that those averages cannot be breached, but it is interesting that they were not.

I decided to buy into the weakness today and added this months addition to my crypto pension. Which was roughly a 23% add on buy to $ADA.X Cardano at 2.452

So that takes my average price for Caradano up to 1.569

[isatrader]

Crypto majors attempting to reverse back up with test like price action. Cardano showing the best RS

               

[isatrader]

Percentage Above their 20 day MA: 28.19% (-55.70%)
Percentage Above their 50 day MA: 60.40% (-37.58%)
Percentage Above their 150 day MA: 46.98% (-27.52%)
Percentage Above their 200 day MA: 43.45% (-29.15%)

Average: 44.75%

Crypto currencies saw a sharp correction this week with 20%+ drops in a single day in some on Monday. This has taken the Percentage of Crypto Currencies above their Moving Averages breadth charts back down from the upper zone towards the middle and lower zones again with the overall average at 44.75%. So a neutral- field position.

               

[isatrader]

Looking through some of the crypto alt coins this morning. $AVAX.X Avalanche is of note with the volume surge over the last 4 weeks and potentially sign of strength rally, which has seen it outperform the crypto majors in the near term. Watching for how it develops on any backup.

           

[isatrader]

$ALGO.X Algorand has had its largest ever volume this week as its broken out to new all time highs in Stage 2. It's currently consolidating on diminishing volume above the prior IPO high. Potential for a continuation attempt

           

[isatrader]

$ROSE.X Oasis Labs consolidating above the the IPO-AP high, following a strong volume rally in phase E from the base. Weekly Stage 2