BTC chart review, July 19th @ 19:50 PST by glennolua

View this thread on steempeak.com
bitcoin · @glennolua ·
$29.54
BTC chart review, July 19th @ 19:50 PST
![bitcoinG.jpg](https://cdn.steemitimages.com/DQmSSucC37jhE4y83mYiDaQwSr5t8FKqy8Jnh1cfef7MX6A/bitcoinG.jpg)

This is the monthly chart of BTC from the Bitstamp exchange starting from 2013.
Price is still above the 20 month moving average (yellow line)
Long term, BTC is still in a bearish tend with 6 red heikin ashi bars illustrating the downtrend.
Stochastics seem to be leveling off, if so it may not reach the oversold level.  <20   You can see that it was hanging around the upper level for 2 full years.
![month.jpg](https://cdn.steemitimages.com/DQmazLt1pKK36ov96BNW88xBcfGkM6jhJ5cmpWxEPU4zns8/month.jpg)

The weekly chart shows the spike low last February and the double bottom last June.
The 20 week MA in yellow has crossed over the 50 week MA in blue which is typically a bearish signal.  The 20 week MA may provide some resistance to the upside.
BTC has printed one green heikin ashi bar which is a good start. 2-3 would be a nice signal that it may be heading back up to the top of the trading range.
Stochastics are heading back up from the oversold area.  All things green???
![week.jpg](https://cdn.steemitimages.com/DQmQa1My3WucSaHTS7oMEDmhHuWrTeLYnEFJeAanh7VBfJQ/week.jpg)

The daily chart is from GDAX and has a fibonacci retracement from the July 17 low to the December 17 high. (Blue lines)
The 200 day moving average is the orange line.  In a CNBC review the other day, it was mentioned that BTC has only be 30% under the 200 dma 2 other times and has rallied both times.  Is the 3rd time a charm?
![day.jpg](https://cdn.steemitimages.com/DQmV4vHBsM8atC9cZV8XPq7Cuknt3J6fzkXo1SnsWsbkcNn/day.jpg)

From coinmarketcap, this is the 1 year BTC dominance chart.  ETH is in blue, BCH in green and all of the Alts in silver. It appears that the money is going into BTC at this time.
![marketcap.jpg](https://cdn.steemitimages.com/DQmeYZFDDeKVvdYPad7t8JfdcwqMJMCpzuNaEnF5hRRsDHb/marketcap.jpg)

Google trends for the search for the term Bitcoin.  The chart resembles the price indicating that there is more interest when the price is going up.  (Sheep will follow the other sheep)
![trends.jpg](https://cdn.steemitimages.com/DQmcHUsoHHa7zswsJ1QwFwRUj47wD8iNZPWYBzNs9HvaDD7/trends.jpg)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 80 others
properties (23)
post_id57,117,123
authorglennolua
permlinkbtc-chart-review-july-19th-19-50-pst
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin","btc","crypto","cryptocurrency","analysis"],"format":"markdown","image":["https:\/\/cdn.steemitimages.com\/DQmSSucC37jhE4y83mYiDaQwSr5t8FKqy8Jnh1cfef7MX6A\/bitcoinG.jpg"]}
created2018-07-20 03:16:51
last_update2018-07-20 03:16:51
depth0
children7
net_rshares14,088,472,870,512
last_payout2018-07-27 03:16:51
cashout_time1969-12-31 23:59:59
total_payout_value24.475 SBD
curator_payout_value5.060 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,198
author_reputation63,257,367,008,670
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (144)
@polash66129 ·
$0.02
very helpfully Post For BTC. Thanks
👍  
properties (23)
post_id57,120,704
authorpolash66129
permlinkre-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t040516137z
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin"]}
created2018-07-20 04:05:24
last_update2018-07-20 04:05:24
depth1
children0
net_rshares11,552,704,011
last_payout2018-07-27 04:05:24
cashout_time1969-12-31 23:59:59
total_payout_value0.016 SBD
curator_payout_value0.005 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length35
author_reputation-314,613,806,869
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@text2crypto · (edited)
$0.04
Wait little more if bitcoin stable between 7200-7400 level then alt will boom. If btc crosses 7800 resistance then it would be more better for all.
👍  
properties (23)
post_id57,123,170
authortext2crypto
permlinkre-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t044118056z
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin"]}
created2018-07-20 04:41:18
last_update2018-07-20 04:42:33
depth1
children1
net_rshares21,821,774,244
last_payout2018-07-27 04:41:18
cashout_time1969-12-31 23:59:59
total_payout_value0.033 SBD
curator_payout_value0.010 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length147
author_reputation2,740,171,706,809
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@glennolua · 
Yeah, I think most of the seasoned traders will wait for further confirmations in the chart before taking long positions.
properties (22)
post_id57,158,192
authorglennolua
permlinkre-text2crypto-re-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t122806667z
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin"]}
created2018-07-20 12:28:09
last_update2018-07-20 12:28:09
depth2
children0
net_rshares0
last_payout2018-07-27 12:28:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length121
author_reputation63,257,367,008,670
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@santigs ·
$0.06
Pretty nice analysis. 
I found this image on twitter a couple of days ago. I wonder if this will reproduce when the first Bitcoin ETF launches and a domino effect starts.

![DiZv4GGW4AAnKfB.jpg](https://cdn.steemitimages.com/DQmNshYVQ7cjSoLmg3x5RwLr6xEmqQ6JMkeDRNMhwXAFjvz/DiZv4GGW4AAnKfB.jpg)
👍  , ,
properties (23)
post_id57,125,690
authorsantigs
permlinkre-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t051534595z
categorybitcoin
json_metadata{"app":"steemit\/0.1","image":["https:\/\/cdn.steemitimages.com\/DQmNshYVQ7cjSoLmg3x5RwLr6xEmqQ6JMkeDRNMhwXAFjvz\/DiZv4GGW4AAnKfB.jpg"],"tags":["bitcoin"]}
created2018-07-20 05:15:33
last_update2018-07-20 05:15:33
depth1
children1
net_rshares30,537,680,992
last_payout2018-07-27 05:15:33
cashout_time1969-12-31 23:59:59
total_payout_value0.048 SBD
curator_payout_value0.014 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length293
author_reputation957,438,993,824
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@glennolua · 
Cool chart, pretty similar pattern for sure.
properties (22)
post_id57,158,058
authorglennolua
permlinkre-santigs-re-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t122640609z
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin"]}
created2018-07-20 12:26:42
last_update2018-07-20 12:26:42
depth2
children0
net_rshares0
last_payout2018-07-27 12:26:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length44
author_reputation63,257,367,008,670
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sabiha2009 ·
$0.02
Very good post for btc. There are many good information about btc here. Thank you for share with us.
👍  ,
properties (23)
post_id57,140,750
authorsabiha2009
permlinkre-glennolua-btc-chart-review-july-19th-19-50-pst-20180720t083916975z
categorybitcoin
json_metadata{"app":"steemit\/0.1","tags":["bitcoin"]}
created2018-07-20 08:39:24
last_update2018-07-20 08:39:24
depth1
children0
net_rshares12,163,078,783
last_payout2018-07-27 08:39:24
cashout_time1969-12-31 23:59:59
total_payout_value0.019 SBD
curator_payout_value0.004 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length100
author_reputation407,380,277,804
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@postpromoter ·
re-glennolua-btc-chart-review-july-19th-19-50-pst-20180722t133836166z
You got a 2.81% upvote from @postpromoter courtesy of @glennolua!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
properties (22)
post_id57,359,303
authorpostpromoter
permlinkre-glennolua-btc-chart-review-july-19th-19-50-pst-20180722t133836166z
categorybitcoin
json_metadata{"app":"postpromoter\/2.0.2"}
created2018-07-22 13:38:36
last_update2018-07-22 13:38:36
depth1
children0
net_rshares0
last_payout2018-07-29 13:38:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length392
author_reputation21,053,937,692,175
root_title"BTC chart review, July 19th @ 19:50 PST"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback