4xForecaster

LTCBTC Chart: Momental Lines Worth Heeding

BTCE:LTCBTC   Litecoin / Bitcoin
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LTCBTC             Chart: Momental Lines Worth Heeding


Last week, we discussed the subtleties between momental lines vs. channels. We also touched upon the relevance of the slope in terms of support/resistance longevity.

Here is a chart that adds credence to this concept, where the channel lines are short-lived or unreliable, and the momental lines pick up relevance across a much more expansive span of time.

The difference is not semantic, but fundamental to understanding price wherever price lacks "reason" for its action.

Cheers,

David Alcindor | 4xQuad.com
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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