AlanSantana

✳️ Litecoin Starts To Move vs Bitcoin (Next High Mapped)

Long
COINBASE:LTCBTC   Litecoin / Bitcoin
I was looking at Bitcoin's short-term breakout and decide to have a look at ETCBTC and see how it was doing... Somehow I ended up on this chart 1h timeframe and I saw a huge green candle... I was like "wow", ok, the correction is over.

I went to look for ETCBTC yet it wasn't as strong as LTCBTC but the signals were already there.

I already reached my conclusion, now I only needed to find the signals to support my bias.

We have a classic irregular correction in the form of a flat based on EW.

We have a higher low on the C wave compared to the A wave and this right above the 0.382 Fib. retracement level.

We also have a full green candle and a break above EMA10 on a Sunday, minutes after the new day starts.

This all fits pretty well and paints a clear picture.

This and other BTC pairs might be getting ready to grow.
I will look deeper and share what I find...

We are expecting a drop sponsored by the fed 1st February so we are bound to see a strong rise before the drop comes (if it comes, it should be short lived).

Buy the rumor and sell the news classic behaviour.

Do I have your support?

Namaste.

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