Ethereum (+ 1.5 % week - on - week), Litecoin -LRB--- 3.5 % week - on - week), Dash (+ 0.2 % week - on - week), Neo -LRB--- 3.3 % week - on - week) and Monero -LRB--- 0.57 % week - on - week) have
seen sideways movements this week with no major surges or dips.
NEM -LRB--- 14 % week - on - week) is the only other major mover in the top the cryptocurrency list while Ethereum -LRB--- 0.3 % week - on - week), Ripple (+ 0.8 % week - on - week), Litecoin (+ 0.04 % week - on - week), Dash -LRB--2 % week - on - week), Neo -LRB--- 6 % week - on - week) and Monero (+ 1 % week - on - week) have all pretty much
seen sideways movement for the entire week.
Are the bulls still set to dominate, or will we still
see sideways movement in the market?
Not exact matches
So many times I
see Ozil hanging onto the ball for a
movement in the box, nothing in the box so he has to pass
sideways again and again.
If you do not
see a pattern of HH HL or LH LL, but instead you
see sideways price
movement with no obvious general up or down direction to it, then you are probably looking at a range - bound market or one that is simply chopping back and forth.
However, as we can
see that was certainly not the case because if you shorted the market after this pin bar formed you would have had to endure 7 days of
sideways very choppy price
movement before price finally started rolling over.
Lengthier
sideways movement in the range would more likely be
seen in a couple of days.
Sideways movement is more likely be seen later today and bottom of the channel would be tested by the end of the sideways m
Sideways movement is more likely be
seen later today and bottom of the channel would be tested by the end of the
sideways m
sideways movement.
Towards the right of the chart, you could
see that the blue dots are intolerant of prolonged
sideways movement, and catches up quickly.
As you can
see, this secular bear market was typical of most secular bear markets, such as the one from 1966 - 1982, composed of mostly vicious cyclical bull and bear markets that result in a mostly
sideways long term
movement.
Aside from the market determined by the biggest traders, which can be
seen through volume indicators during the previous two
sideways lateral
movements, natural demand supremacy allows prices to leave the $ 580 - $ 600 support area.
This week has
seen much
sideways movement from Bitcoin, but nothing that will impact Bitcoin in the long term.