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GinsengFarmer
Dec 15, 2018 12:55 PM

Going up LONG? LTC:BTC 4th MACD Cross in 2 years, Weekly Candles Long

Litecoin / BitcoinCoinbase

Description


See image please.

[Note: I am a novice, who has been learning and watching and trading daily over the last year and a half.]

***
Since Coinbase started trading the LTCBTC pair, the MACD on the Weekly Candles has only crossed 4 times, and the most recent was in October. We aren't seeing the volume or price increase this time, and I'm wondering if you all feel this latest MACD cross is going to be as significant as the prior three.
***

[this is NOT financial advice; it is only my amateur perspective. i am seeking feedback]

thank you for reading.

GinsengFarmer

Comment

Since this analysis, we have clearly seen bullish price movement above the prior downtrend. Hit PLAY on the chart to see what happened afterward.
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