LTC, Battle of Divergences

2018年5月4日

Since my latest educational post on divergence (linked below) received a lot of attention, I wanted to show a looming battle in LTCBTC. I see both bullish divergence and hidden bearish divergence battling it out to the eventual breakout or breakdown of formation. Who will win?

2018年5月4日

註釋

2018年5月5日

註釋

upwards move, but watch for fake-out.

here is same chart on 12H for closer look

2018年5月5日

交易進行

2018年5月6日

交易進行

hidden bullish divergence all over the shorter timeframes suggesting continuation of new upwards trend... longer 24H timeframe looking like breakout of inverse head and shoulders formation, MACD about to crossover into positive... bitcoin action can always throw off any of these signals.

2018年5月7日

註釋

looking like we may test the wedge again for support...

2018年5月10日

註釋

if LTC tests the wedge again as support, watch for bounce and breakout of MACD

2018年5月25日

註釋

moving the goalposts...