Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
i have a macd/ema strategy with ltc daytrading where i buy on a certain ema on downspikes which should be safe as a support until the corresponding macd goes down. once that macd goes down then the support is no longer valid and i move to the next longer chart to use its ema as support. this works most of the time. however today it just kept going down, and down, and down, without the corresponding macds going down first.
well if you missed selling, look at the 3d,1d MACD and you will feel better, many other chances are coming, and don't worry so much about pigs dumping because this wont last forever (they bought because of huobi event anyways) add the fact of mining cost, it is going crazy, this is good for both LTC and BTC, this will slow down miners who convert LTC to BTC and dumps BTC on other exchange for USD. this also means that the ratio LTC/BTC will go up.
there is other few reasons for LTC to go up but I will not share them to not ruin my trading position
