Hi, very thankful for you idea shared.
I quite agree with the analysis and the conclusion, and I have some questions which I wanna know more about the use of wave principle here, listed as follow:
1, the time scale of impulsive 5 waves (from 2013.9.x to 2013.11.28) is too much shorter than the corrective 3 waves (from 2013.11.28 to 2015.1.14), and it seems the new impulsive wave seems to be even longer, which starts from 2015.1.14, has lasts for 18 months, and it just begins. Whether the time scale difference will affects the use of wave analysis.
2, It is said the log price scale could be better when analyzing a big time scale chart, what's your opinion about this saying.
3, whether the price action not shown in the chart, such as the price move before 2013.9.x, would affect the wave analysis.
Hope to get your answer. many thanks.
Ingemkts
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Sorry I hadnt seen your comment. By this time I sold all my LTCs. To be honest I think LTC is no longer a good option to trade.
dalistar
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Yes sure .. me too I sold out all. .
nimbus
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any technical reasons for that? it's still bullish anyway.
Ingemkts
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I cant wait for that pump, too much time, other alts about to pump... ;)
AndreyDrogal
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Nice move. LTC is pur hype/scam.
mccd72
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What do you mean
ltc-joe
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to the moon? Most will not believe it, till it's too late.
Ingemkts
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I dont trade LTCBTC, I am just trading LTCCNY for now. Let´s wait for that breaking ;)