March 1st 7 years ago this exact thing happened as soon as Bitcoin broke the high. Lets see if history rhymes. It may just look like a bunch of lines but these lines are all trendlines. many times price falls right into where X marks the spot. The more trend lines that go through that price the more likely the price will retrace to that exact spot and time. This is not financial advice. Good luck out there.
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Inverse head and shoulders bottom playing out almost exactly.
Looks great but it was the last week of March 2017 when LTC actually had a major spike against BTC. But I think your chart is definitely spot on... just give it a few more days.
Bitgolder
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@Waterboy980, I understand that and these cycles never play out to the day cause then it would be way too easy. Its already pretty easy right now to see whats about to happen.
Waterboy980
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@Bitgolder, Massive move coming April 1st, MASSIVE!!
CryptoJulio
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I have exact same vision, we just havint the weekly reversal candle, it's such a massive buy signal, people does'nt even realise the power of this setup... Face melting incoming
Bitgolder
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@CryptoJulio, I agree, since I posted the update we went straight up to 85 bucks
NightKnight_CZ
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I think I became schizophrenic after those years of investing into Litecoin, but if you are sir right - let´s together have a beer in December 2024, after I sell and be able to retire....
DigitalRevolutionPhase5
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I think the crypto/USD pairs might have bottomed out yesterday, but I think BTC.D will go up again and pushes Alt/BTC pairs down again creating new lows for now 🤔
We will see! The actual "Alt Season" can be stretched to maybe the third week or end of March
Bitgolder
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@DigitalRevolutionPhase5, Could be. I think once Bitcoin breaks the high and keeps going the alts will follow. Could be a quick wick on the LTC/BTC pair down but it will be short lived I think.
abamazon3
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do you think this cycle BTC can reach 2mln ? means next bottom will be around 240k?