mvhguy

mvhguy

This very simplistic weekly chart of BTC leaves me wondering where the energy to drive a new ATH is going to come from without a deeper correction. There is a major divergence in the RSI as well as a wide open Bollinger Band. The channel may hold us but it may not. Time will tell.

mvhguy

The impulsive downward movement may imply lower prices ahead.

mvhguy

I want to apologize I made this quick and dirty this morning before running out. Its not pretty but you get the point. A chart of the ratio of LTC/BTC in log scale and a pitchfork shows a clear overall uptrend. But notice the possible megaphone and what appears to be the ratio being rejected at the second channel top. If the ratio reverses I believe it implies...

mvhguy

A simple chart noting the BB compression and a bearish formation in the RSI of LTCUSD on a 2 hour chart. BB compression may be signaling an impending higher volume move approaching. The bearish H&S in the RSI could materialize or bust. Time will tell.