LTCUSD: 1W BB update- Interesting things continue to happen
As above.
Not only the huge BB 1W squeeze in effect.... but the price action has now moved from below to a point above the middle band/moving average and has maintained this position for the last 2 weeks.
Historically, this findings has indicated a future bull run but with what appears to be significant diminishing returns of 6.5X (2017), 2.5X (2019), and 0.55X (2020). Will this time be different? Would really like to see MACD continue upward to cross the zero line with significant increase in volume.
Will continue to follow.
Good luck traders!
Not only the huge BB 1W squeeze in effect.... but the price action has now moved from below to a point above the middle band/moving average and has maintained this position for the last 2 weeks.
Historically, this findings has indicated a future bull run but with what appears to be significant diminishing returns of 6.5X (2017), 2.5X (2019), and 0.55X (2020). Will this time be different? Would really like to see MACD continue upward to cross the zero line with significant increase in volume.
Will continue to follow.
Good luck traders!
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