bearish divergence on the bxy, bullish divergence on the dxy, bearish divergence on the gbpusd chart.
this thing is going to pop its only a matter of time, timing it is the hard part, how high can it go
Huge regular bullish divergence on the 1h 2h 3h 4h daily.
it could still drop to the lower non logarithmic resistance, a 7% drop but with bullish divergence as clear as this its hard to argue against.
personally i am not longing LTCUSD as btc could drop anytime but i think LTC is set to outperform BTC medium term so i have converted my btc into ltc.
clear regular bullish divergence.
before the last 3 bull runs for ltc it lower low double bottomed with higher rsi on the second bottom.
and guess what just happened... the 3 lines drawn are the last 3 lower low double bottoms before bull runs as you can see each time they are higher, indicating that the bottom now is the final bottom level and that is wont go...
if ltc breaks the 200ma AND bitcoin dose not dump but only goes up or sideways then i see no reason for the price to not go to 60usd, historically a concise break above the 200ma has always resulted in a pump to or just bellow the top logarithmic resistance line.
ltc has also recently been outpacing btc by a large margin, and with news of a LTC testnet launch...
THIS ALMOST CERTANLY WILL NOT FOLLOW THIS. THIS IS A THOUGHT EXPERIMENT.
it looks just like what happened with litecoin on 14th of september so if it where to do the same it would be in a descending triangle then break down.
please do not make a trade based on this, its just food for thought.
hidden bullish divergence, symmetrical triangle continuation pattern in a up trend.
BUT dont trust me this is just a idea a hypothetical, whole price is in a channel with huge bearish divergence could drop anytime, i dont know any of the fundamentals or news take with big grains of salt. i have a position open at 0.91213 of 25,000 so very small traid.
triangles in triangles on triangles next to triangles.
there is decent of room to the down side so risky to trade, but might put in a long if it goes to 46.90
but second lock downs ?? spx lower lows ?? second crash incoming ? is Warren Buffett correct for selling lots?