grimoracle

Moar Divergence Please!

Long
BINANCE:SALTBTC   None
So the dream scenario for salt did not occur, however there are still some very positive signs. $SALT/ BTC has entered my accumulation zone while managing to rack up alot of bullish divergence ... and I mean A LOT. Some people are not so fond of divergences since they can be misleading and often trigger late or far too early. In this case however, the divergence stands out quite drastically and so im inclined to believe there may be other factors at play, for instance having the price kept low to allow for extensive accumulation throughout the period of the next few weeks/months. I would not be looking to margin trade SALT (if thats even possible) on a 15 minute timeframe but instead to make a longer term investment. At this point it is beginning to become extremely undervalued, and can provide substantial upside given a longer term hold.

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