LTC Crossing - is it time? (MA Bullish Signal)

As I've posted before, there have been a number of indicators that have proven to be extremely reliable this year (2018) with respect to signaling when the next market turn will be, and the likely direction in which the market will move.

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The 20 period MA (orange MA line) has crossed the 8 period MA (blue MA line) on the daily on a total of 3x occasions this year (2018).

Each of the 3x times this happens (highlighted by the red vertical lines) notice how we soon after enter what would generally be described as a bearish phase.

(1x)

20 MA crossing 8 MA

Bear Market Follows

(2x)

20 MA crossing 8 MA

Bear Market Follows

(3x)

20 MA crossing 8 MA

Bear Market Follows

Conversely, the 8 period MA (blue MA line) has crossed the 20 period MA (orange MA line) on a total of 2x occasions this year.

Each of the 2x times this happens (highlighted by the green vertical lines) we enter into a what would look like a bull market phase.

(1x)

8 MA crossing 20 MA

Bull Market Follows

(2x)

8 MA crossing 20 MA

Bull Market Follows


It just so happens, that we appear to be approaching the third official time this year that the 8 MA will cross the 20 MA


Though previous movement is never a forecast, only an implied measure of future action. The consistency at which this has occurred over the course of this year even at it's midpoint suggests we are entering what may appear to be another bullish phase. Time will tell! BITSTAMP is the exchange (FYI)

Feel free to comment your thoughts, opinions, criticisms! Happy Trading...