LTC/BTC 2019 vs XMR/BTC 2020
Potential bottoming fractal found.
Since it's more algorithmic trading than anything else, once we get a higher high on this, it should look quite similar, up to the #3.
The assumption is that more algorithms are programmed to buy when price goes through a previous resistance, because that is one of the most certain signs of a bull market - and thus, the indicator fulfills its own prophecy.
Maybe. Maybe not. We'll see how it plays out, but one thing is certain; these markets are out of weak hands.
Since it's more algorithmic trading than anything else, once we get a higher high on this, it should look quite similar, up to the #3.
The assumption is that more algorithms are programmed to buy when price goes through a previous resistance, because that is one of the most certain signs of a bull market - and thus, the indicator fulfills its own prophecy.
Maybe. Maybe not. We'll see how it plays out, but one thing is certain; these markets are out of weak hands.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.