Price/MACD Daily Trend Divergence Portends ETH/BTC Surge

26 Eyl 2019

When price makes lower lows but MACD line makes higher lows this is the divergence I am referring to (as circled in orange). This has only happened 3 times before and each time a massive rally has followed in the ETH/BTC ratio. Based on past moves, the rally could return between 400% and 2200% (from early Sept. lows) in as little as 55-166 days. I believe the rally will be more similar to the first two instances of divergence as the third instance did not take us to new highs and occurs within the wake of the second instance of divergence.