When price makes lower lows but MACD line makes higher lows this is the divergence I am referring to (as circled in orange). This has only happened 2 times before and each time a massive rally has followed in the ETH/BTC ratio. Based on past moves, the rally could return around 2200% (from early Sept. lows).
REVISIT I published this idea on September 25th incorrectly showing 3 historical instances of divergence, and a max duration of 166 days for the move to play out. In this revisit I have removed the third instance of divergence in mid-November 2017 because the MACD blue line's higher low does not correspond with a lower low in price (no divergence). Lastly I have doubled the duration in which this move could play out because the latest divergence occurred over 2 months and the 2015 and 2016 divergences each occurred over 1 month.
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