btc_joe

LTC/BTC double bottom?

BTCE:LTCBTC   Litecoin / Bitcoin
359 3 8
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.
Comment: Looks like a diamond bottom on the 2h:
LTC/BTC
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...
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)
You must to upgrade your skill because your prediction are sucks.
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btc_joe PRO AndreyDrogal
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 PRO AndreyDrogal
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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