btc_joe

LTC/BTC double bottom?

BTCE:LTCBTC   Litecoin / Bitcoin
352 3 8
5 months ago
We shall see, to me it mostly depends on how fast LTC/CNY can break 55.5 CNY             ...there is huge upside above that level. If that doesnt happen by this weekend/early next week then it might have to wait for ltc/btc to test .00585 before clearing this level (55cny). Stay tuned, even if the ratio falls lower in the near term that does not rule out the double bottom, see the wick on the candle that started the 13' run, could get something similar as a shake out before the big rise.
5 months ago
Comment: Looks like a diamond bottom on the 2h:
LTC/BTC
5 months ago
Comment: No diamond bottom, but .007 has held so far so still okay, a strong close under that would be real bad but I don't think it's likely as LTC/CNY has held up okay through this dump in BTC/USD, but we'll see...
5 months ago
Comment: No double bottom, chart invalidated, but bullish picture still alive till we spend a meaningful amount of time below .00585 (in other words not a quick flash)
AndreyDrogal
5 months ago
You must to upgrade your skill because your prediction are sucks.
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btc_joe AndreyDrogal
5 months ago
I see it more as analysis, and it certainly helps me, I publish in case others are interested, sorry if you feel that way, you are more than free to ignore me.
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btc_joe AndreyDrogal
5 months ago
Also, kind of funny you have no published charts...easy to criticize from the sidelines. I always have an opinion about the market, going to be wrong a lot of the time, if I am right 51%+ of the time I'll be happy, but in reality my opinions are not up or down, they are ideas that change and evolve based on different conditions of the market, I don't trade all of them and when I do I use appropriate stops, sometimes risk/reward is more important than being "right" or "wrong"
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