As above.
Just one of the few simple and not surprising observations one may find of interest for those looking to help with long term outlook/long term trading strategies using the 1W BB chart.
The 1W LTCUSD chart with BB is pretty telling of the start of a major uptrend if the price action happens to move from below to a point above the middle band/moving average.
The converse appears to be true from observation for the start of a major down trend when the price action starts to fall below the middle band/moving average from above.
By the way... BTCUSD has already beat LTCUSD over the 1W middle band this week but it appears that BTC is a little less reliable in this respect as BTC candle can occasional poke above the middle band only to see price action turn back bearish.
What else can you see that may benefit your fellow traders?
Leave comments below.
Good luck trading.
Just one of the few simple and not surprising observations one may find of interest for those looking to help with long term outlook/long term trading strategies using the 1W BB chart.
The 1W LTCUSD chart with BB is pretty telling of the start of a major uptrend if the price action happens to move from below to a point above the middle band/moving average.
The converse appears to be true from observation for the start of a major down trend when the price action starts to fall below the middle band/moving average from above.
By the way... BTCUSD has already beat LTCUSD over the 1W middle band this week but it appears that BTC is a little less reliable in this respect as BTC candle can occasional poke above the middle band only to see price action turn back bearish.
What else can you see that may benefit your fellow traders?
Leave comments below.
Good luck trading.