These instruments seem to be synchronized, and soon to end a retracement rally. In the case of ETH, which has been underperforming everything due to fundamentals (problems in the code of a sub-proyect), there's potential for a big correction, but only if we cross the key levels on chart in time. If the targets aren't met on time, a contrary move might start, so it'd be of paramount importance to monitor progress in them. Litecoin is above the low volume resistance, which is encouraging, but there's a strong level to the left, and the time at mode target is almost hit; so I reccomend caution. Once BTC hits this top target, I'd look to book profits from my recent long reentries and I'd reccomend you do the same (with at least part of your BTC).
Cheers,
Ivan Labrie.
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After we observe a pullback we can join this emerging uptrend in the daily/4h.
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LTCCNY topped right at the box target and fell back strongly. BTC came back down to the recent daily uptrend mode and is rebounding. I don't know about follow through, to me it looks like we will see a sideways consolidation in BTC, which might give a few tradeable setups in long *BTC pairs.
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LTCBTC, updated target. After the pullback we expected came, we could enter longs safely.
ETHBTC isn't behaving too well, but might still pick up.
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Today we should see a reaction in ETHEUR or ETHUSD pairs. (to the upside)
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Good progress in LTC, currently outperforming BTC, once above the resistance in the USD or CNY pairs is broken it might hit the target on chart here with ease.
Trade active
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I like the level here in ETHUSD or ETHEUR to enter longs with 15% downside risk. My entry was 10.17.
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We are moving on up in ETH fiat pairs. I like the setup here. If long, wait to add more.
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Not too fond of the action in btc and altcoins. We're below the recent uptrend support but i still looks to be sideways for the most part. I'd reccomend standing aside, and waiting to buy lower. The short is a bit dangerous now, might rebound here.
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ETH is being bid and supported at the crowdsale key level, likely a buy for continuation.
thanks for the Ltc btc chart ...can u kindly make a chart for ltc usd for finex ...i think it has a lot of room to go up whats ur take on it ?thanks and keep us updated :)
IvanLabrie
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Potential upside is considerable, but it'd beed to stay above 3.47 for one month to confirm this forecast.
IvanLabrie
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Considering the failure to break up in a more trendy fashion, so to speak, it might simply breach the recent highs with some luck and then react to the downside. That's a more likely scenario, if it doesn't just simply break down under support.
noto1235
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since btc is likely to go down ...do u see ltc/btc ratio going up ...if so what would be LTC in us $ value
thanks
IvanLabrie
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LTCBTC could go up, and the same is true for BTSBTC, ETHBTC...Only problem is waiting for a good setup. Right now there is none for me.
noto1235
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awesome ...thanks for the quick reply will keep an eye on this :)