I have been watching this chart for a while, trying to figure out a potential count. Lots of fibs point around 85$ area but the current structure seems incomplete. Instead of waiting to see it complete and then post, i decided to yolo it.
What could go wrong?!
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I dont have any count on the pair ( maybe i will start one if the market keeps being boring ), but there are some DIVSs on the oscillators and a gap on VPVR that favor an uptrend.
Still bellow the invalidation point, if you think its bullish, be my guest.
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Still valid, no close above the line, also it lost the up trend support line. They forgot to turn on the LTC bots, it happens.
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I checked the ratios again and it likes to stop just before the 2:1 ratio, so there is a chance it can stop just below 170 if it has one more leg up. Still looking bearish, invalidation level above 175.5 .
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Scenario is invalidated here.
ETH and BTC have a positive correlation lately so maybe the inverse corelation with LTC is back ( one moves faster and then the other one catches up).
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Welp, fibs dont lie! I havent checked that chart ever since, but just by staring at it now it MAY have another push down if it gets denied at ~110.
after so many wrong calls, I don't believe anything you post.
TomPower
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@samiswilf, he definitely didn't get the bottom but have to give him credit for getting a deeper correction with BTC after the last 11k top. that being said i'm still sitting on my hands ready to load up, if WE EVER GET A PULLBACK!
TomPower
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not looking good for 150 either weakest coin and my biggest position, great choice.
Acel
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@TomPower, the deeper it retraces, the harder it bounces. ;)
It can also stop at a triple bottom, just between those long wick lows. Maybe temporary tho, not sure.
samiswilf
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WRONG AGAIN!
jovani7919
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I wonder if they'll retest their yearly trendlines. We both have a similar target for LTC.
LTC
BTC
Acel
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@jovani7919, i avoid drawing too many lines because the chart will be too clustered, heh. The ones on LTC seem interesting and that MA has a very aggressive curve.
Daily SMA55 and ALMA55 act just like in the previous bull trap few weeks ago.
I prefer the 12h tho, and when price goes up along with VWMA(purple) while being way above a price, its pretty bearish. Just by observations, dont quote me on that.
darkandblue
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We poped to where i sold now but i am really hesitating as this might be a fake out.there is no volume at all.
Acel
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@retiringsoon1, i dont understand the current structure (past hours). It needs time to develop. It can be a triangle 4th, though, too early to be certain.
darkandblue
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@Acel, getting close to my "shit, should have bought level"...