LOC wicked off the support once more in conjunction with Bitcoin dropping today. This gives me even more confidence of a breakout to the upside in the next 2-3 days. First resistance gives +20% vs BTC.
If LOC were to drop, there would be many people excited about those prices to accumulate including myself. I don't think it would last.
Trade at your own risk.
If LOC were to drop, there would be many people excited about those prices to accumulate including myself. I don't think it would last.
Trade at your own risk.
Comment:
Broke out of the triangle to the upside but with very little buy side pressure. There was no buying or selling of the announcement of the new economy.
There is a head and shoulders pattern forming on the 4 hour chart to be watching.
There is a head and shoulders pattern forming on the 4 hour chart to be watching.
Comment:
We hit support once more and held even with BTC making a move to the upside. Now we are sitting at the end of the wedge but with no clear break above or below. Seemed to be about even pressure on both sides.
I still feel the move should be to the upside, but maybe we will get more sideways action for a bit. I'm sure others wouldn't mind more accumulation time anyways.
I still feel the move should be to the upside, but maybe we will get more sideways action for a bit. I'm sure others wouldn't mind more accumulation time anyways.
Comment:
On HitBTC, the support sitting on the order book has been sold into the past couple hours. It definitely is something to keep an eye on to see if it holds or it the support is removed.
Comment:
I watched the support get sold into a few more times for a couple thousand LOC about 2-3 days ago. Some of the support seemed to disappear but there were also buys so may have gone there.
In the past 24 hours, we have seen some serious price action, about 10%. You would like to see more volume with this but I think there are just so few sellers that volume isn’t possible yet.
Bitcoin also looks ready for a breakdown.
Target 1 has been reached, not with much volume to sell but I expect this to continue after another couple candles of consolidation on the 4H chart. Hoping to get back to my computer soon to look at the charts.
In the past 24 hours, we have seen some serious price action, about 10%. You would like to see more volume with this but I think there are just so few sellers that volume isn’t possible yet.
Bitcoin also looks ready for a breakdown.
Target 1 has been reached, not with much volume to sell but I expect this to continue after another couple candles of consolidation on the 4H chart. Hoping to get back to my computer soon to look at the charts.
Comment:
Target of .00005300 has been hit a few times now. About to post a new chart.
2. The volume on HitBtc has tanked the past 12 hours or so.
3. LockTrip will be announcing the new token economy Saturday August 31st. It’s almost 5:30 am Saturday in Bulgaria.