Uptrends intact as cryptocurrencies challenge 62% retracement bands

Feb 12, 2020 • 2 Min Read

Fundstrat Crypto FX indices: A-D lines are in confirmed uptrends with mid-cap continuing to lead
Cryptocurrency breadth, as measured by the Fundstrat FS CryptoFX Advance-Decline lines continue to build positively across the large-cap (FX10), mid-cap (FX40) and small-cap (FX 250) indices. The performance of the FS CryptoFX40 Mid-cap index versus the FX10 Large-cap index is particularly noteworthy, having established a series of higher highs confirming a longer-term upside trend reversal. In addition, the FS CryptoFX 250 Small-cap index has yet to confirm a positive upside trend reversal with higher highs vs the FS CryptoFX 10 large-cap index.

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Over the past week, BTC’s 2020 uptrend remains firmly intact as it continues to challenge its next resistance band coinciding with the 50-62% retracements of the 2H 2019 corrections just below its 2018-2019 downtrend.

The video in this report is only accessible to members
The video in this report is only accessible to members
The video in this report is only accessible to members
BTC’s uptrend continues as it challenges 10-11K resistance – Traders: Minor divergences on the 4-hour chart BTC’s intermediate-term/weekly acceleration from long-term support continues with weekly RSI momentum unlikely to reach overbought levels until late Q2, possibly Q3. Tac...

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