May 14 Webinar - Assessing Altcoin Divergence from Bitcoin
In today's free Crypto Webinar we review Technical Analysis of the recent divergence of altcoin prices from that of bitcoin.
Three Categories of Divergence
Register Here to join us as we study the charts to build pattern recognition for three categories of divergences.
- We can see a strong divergence category over the past 4 or 5 days
- We can see a small divergence over the past 24 hours
- We can see a category of coins that are not demonstrating any significant divergence.
Noticing these Divergences is not a trading signal on it's own - but when the mass of cryptocurrency markets are showing a similar divergence from the price of bitcoin, it is often found to coordinate with other technical analysis signals.
The next step is to monitor the health of this general divergence to see if more of the divergence continues to appear in other markets and to grow in the short term divergence set - or - if the divergence starts to falter and fall away.
Each of these changes in the observed divergences will help shape confidence in any combination of indicators you may use.
LumbridgeCity and http://digitalcurrencytraders.com present: our own CryptoCurrency Trading Course and Private Community.