lowstrife

Setup for LTCUSD Bollinger Band Supersqueeze in Full Effect

This indicator measures bollingerband width to compare how tight the market has compressed at different times in history. These compression indicate massive accumulation of positions and once the market is decided they will trend for weeks or months.

This price chart is the all-time LTCUSD             price chart, before there was even a LTCUSD             market (the LTCBTC             pair goes back much further). I hope publishing this chart goes without a hitch.

This breakout could set the trend for months so don't try and fight it once it starts moving... $1 is still our key support, $9.5 our key resistance (ICT style) and both will make nice targets. I LOVE Bollingerband breakouts. One of my favorite trade setups.

Measured move targets are eventual targets, the move will not happen in two weeks I just put them there to highlight target levels.

Neutral pattern currently, but bullish bias as long as BTCUSD             stays over $400. Bitcoin             is also in a rangebound consolidation between $400 and $475, breaking out of it probably will coincide with a LTCUSD             move.

Cheers to 2016 being as volatile as the end of 2015 was!

EDIT: The indiactors zoomed all the way out when it was published, they should have been much more zoomed in. Oh well.
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