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 targets:
1 - TG-Lo - 0.00291 - 10 JAN 2015
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 target is currently resting as:
1 - TG-Hi - 0.01799 - 10 JAN 2015: The conditional High Target (Low-Prob.; High-Reversibility)
2 - TG-Hix - 0.02610 - 10 JAN 2015: The extreme of TG-Hi. (Very Low Prob; Very high Reversibility)
Both of these 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 - projects its own targets (posted separately) as follows:
a -- TG-Lo - 0.00539 - 10 JAN 2015
b -- TG-x - 0.00432 - 10 JAN 2015
2 - LTCBTC/BTCe - projects its own targets (posted separately) as follows:
a -- TG-Lo - 0.00401 - 10 JAN 2015
b -- TG-x - 0.00060 - 10 JAN 2015
Note that in the BitFinex chart, an internal 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.
There are several patterns emerging here, but left for ulterior discussion if need be. None of which conflicts with the overall forecast.
Overtime, there is a probable decline ahead, although I would look for the 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.
Predictive Analysis & Forecasting
Denver, Colorado - USA
CROW Signal Service: