#litecoin: A Composite Analysis | $LTC #bitcoin #bitfinex #btce
Friends,
Here is an equal-weigh composite view of LTCBTC, expressed as the average of the BTCe and BitFinex exchanges.
The interest here is to decipher internal strength of both exchanges against the $BTCUSD.
PREDICTIVE ANALYSIS & FORECASTING:
Predictive/forecasting model defined the following bearish targets:
1 - TG-Lo - 0.00291 - 10 JAN 2015
and
2 - TG-Lox - 0.00223 - 10 JAN 2015
Note that both are unusually narrow to one another, suggesting a higher probability reversal at/near these levels.
A second target was also defined at a loftier level, but this target would come as a function of TG-Lo completion at a very minimum - This conditional bullish target is currently resting as:
1 - TG-Hi - 0.01799 - 10 JAN 2015: The conditional High Target (Low-Prob.; High-Reversibility)
and
2 - TG-Hix - 0.02610 - 10 JAN 2015: The extreme of TG-Hi. (Very Low Prob; Very high Reversibility)
Both of these bullish targets are compared against a standard Fibonacci matrix, wherein 0.382, 0.500, 0.618 and 0.786 are the reference retracement from structure high to extreme low projection levels.
LTCBTC/BitFinex VS. LTCBTC/BTCe:
I have further dissected the analysis by isolating each component of the composite chart, such that:
1 - LTCBTC/BitFinex - Daily chart projects its own bearish targets (posted separately) as follows:
a -- TG-Lo - 0.00539 - 10 JAN 2015
and
b -- TG-x - 0.00432 - 10 JAN 2015
AND
2 - LTCBTC/BTCe - Daily chart projects its own bearish targets (posted separately) as follows:
a -- TG-Lo - 0.00401 - 10 JAN 2015
and
b -- TG-x - 0.00060 - 10 JAN 2015
ELLIOTT WAVE ANALYSIS:
Note that in the BitFinex chart, an internal bearish impulse wave is defined as reflecting the Law Of Alternation, where Wave-4 is thrice the time of Wave-2, and the entire impulse is likened to the lesser degree occurring in BTCe.
PATTERN ANALYSIS:
There are several patterns emerging here, but left for ulterior discussion if need be. None of which conflicts with the overall forecast.
OVERALL:
Overtime, there is a probable decline ahead, although I would look for the trendline defined in BTCe to cap an interim rally within the finer granular timeframes (M15, H4).
Individual BitFinex and BTCe charts will be posted separately with NO analysis, except reference to the one posted above.
Stay tuned,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
.
Here is an equal-weigh composite view of LTCBTC, expressed as the average of the BTCe and BitFinex exchanges.
The interest here is to decipher internal strength of both exchanges against the $BTCUSD.
PREDICTIVE ANALYSIS & FORECASTING:
Predictive/forecasting model defined the following bearish targets:
1 - TG-Lo - 0.00291 - 10 JAN 2015
and
2 - TG-Lox - 0.00223 - 10 JAN 2015
Note that both are unusually narrow to one another, suggesting a higher probability reversal at/near these levels.
A second target was also defined at a loftier level, but this target would come as a function of TG-Lo completion at a very minimum - This conditional bullish target is currently resting as:
1 - TG-Hi - 0.01799 - 10 JAN 2015: The conditional High Target (Low-Prob.; High-Reversibility)
and
2 - TG-Hix - 0.02610 - 10 JAN 2015: The extreme of TG-Hi. (Very Low Prob; Very high Reversibility)
Both of these bullish targets are compared against a standard Fibonacci matrix, wherein 0.382, 0.500, 0.618 and 0.786 are the reference retracement from structure high to extreme low projection levels.
LTCBTC/BitFinex VS. LTCBTC/BTCe:
I have further dissected the analysis by isolating each component of the composite chart, such that:
1 - LTCBTC/BitFinex - Daily chart projects its own bearish targets (posted separately) as follows:
a -- TG-Lo - 0.00539 - 10 JAN 2015
and
b -- TG-x - 0.00432 - 10 JAN 2015
AND
2 - LTCBTC/BTCe - Daily chart projects its own bearish targets (posted separately) as follows:
a -- TG-Lo - 0.00401 - 10 JAN 2015
and
b -- TG-x - 0.00060 - 10 JAN 2015
ELLIOTT WAVE ANALYSIS:
Note that in the BitFinex chart, an internal bearish impulse wave is defined as reflecting the Law Of Alternation, where Wave-4 is thrice the time of Wave-2, and the entire impulse is likened to the lesser degree occurring in BTCe.
PATTERN ANALYSIS:
There are several patterns emerging here, but left for ulterior discussion if need be. None of which conflicts with the overall forecast.
OVERALL:
Overtime, there is a probable decline ahead, although I would look for the trendline defined in BTCe to cap an interim rally within the finer granular timeframes (M15, H4).
Individual BitFinex and BTCe charts will be posted separately with NO analysis, except reference to the one posted above.
Stay tuned,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
.
