BTC LTC Short Term

Well We broke out of the down channel and had a short leg up as I posted about in my last chart. We can see that the small run up is followed by a tighter leg down. The big support signaled by the pink line is the big one. I am looking for it to make at least a short bounce up past .01600 atleast one more time if it is to test the major support. I am hoping the bull come in to show support but it does seem as though it is the bears in control. I will be watching BTC and LTC, respectively, to see what the next move is. Are we heading down to 6000's BTC? That'll be a factor in the confidence in the market and all bets are off to what the trading pair will do IMHO.

Stay safe, Watch the support levels and watch the Patters for signals. OF course MFI and RSI play a factor, by we need some actual movement up soon to be able to start trading bigger numbers, safely.

Good Luck, Be safe. Happy Trading.