mvhguy

mvhguy Jan 15, 2014

This very simplistic weekly chart of BTC leaves me wondering where the energy to drive a new ATH is going to come from without a deeper correction. There is a major divergence in the RSI as well as a wide open Bollinger Band. The channel may hold us but it may not. Time will tell.

mvhguy Jan 7, 2014

The impulsive downward movement may imply lower prices ahead.

mvhguy Jan 4, 2014

I want to apologize I made this quick and dirty this morning before running out. Its not pretty but you get the point. A chart of the ratio of LTC/BTC in log scale and a pitchfork shows a clear overall uptrend. But notice the possible megaphone and what appears to be the ratio being rejected at the second channel top. If the ratio reverses I believe it implies...

mvhguy Dec 31, 2013

A simple chart noting the BB compression and a bearish formation in the RSI of LTCUSD on a 2 hour chart. BB compression may be signaling an impending higher volume move approaching. The bearish H&S in the RSI could materialize or bust. Time will tell.