Lisk / BitcoinLong
Signals of a reversal look "lisky"
Indicators here for LSKBTC are strongly leaning towards a trend reversal as seen here on the daily chart, considering:
1. DeMark sequential buy countdown has been fulfilled, and
2. MACD bullish divergence
Plus, what appears to be capitulation occurred on bar count 5 (after s13) with higher than average volume traded on that day. Length of divergence is 33 bars which is relatively healthy too.
A long position entry could be timed once MACD lines crossover as confirmation or a DeMark price flip happens considering a new DeMark buy setup is in progress.
Alternatively, a more risky entry at this point with only a few words of caution: Manage "lisk" accordingly ;)
1. DeMark sequential buy countdown has been fulfilled, and
2. MACD bullish divergence
Plus, what appears to be capitulation occurred on bar count 5 (after s13) with higher than average volume traded on that day. Length of divergence is 33 bars which is relatively healthy too.
A long position entry could be timed once MACD lines crossover as confirmation or a DeMark price flip happens considering a new DeMark buy setup is in progress.
Alternatively, a more risky entry at this point with only a few words of caution: Manage "lisk" accordingly ;)
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