Harmony vs Bitcoin Chart Analysis (ONEBTC #9)

I predicted this one... For sure.

Check it out, it is really amazing to watch when you hit 'PLAY' on the chart (shared below).

It went up exactly where I had marked the resistance... This happens over and over and I am always amazed.

Shared 15-August


I loaded the same chart for you where we have all the levels mapped.

First, we have the MACD, it shows room available for additional growth.

Even though ONEBTC is hitting a new high the MACD is at 41 and it hit 71 on the last run (30-March):
There is resistance ahead.
As can be seen on the MACD as well as the 1.382 Fib. extension level.

But, the trading volume is still low which signals that there is room for more.

This is always hard to predict here what will happen next after a move is already underway.

It is easy to read the chart but hard for me to predict.

I normally look at charts BEFORE the action happens, once it is underway, anything goes especially as new highs are being hit or new lows.

It can continue straight up or a correction can develop and prices drop.

The indicators are good and there is room for more.

You can move the chart up to see additional levels but in the short-term, the 702 satoshis (0.00000702) is our aim for the current move.

Namaste.