Limitless-Investor
Short

LTCU19 Bear Bull Scenario

BITMEX:LTCU19   None
This is my long term chart which am more inline with. Am bearish with LTCU19. It can't be a 5-3-3 ABC Zigzag if we're following Elliott Wave theory. The count from B-C is only a 3 for now. That's why am bearish . Tho as I always say you can't be 100% bear or bull only. You have to draw 2 bull bear scenarios so you have a plan if it counters your bias. While a bullish divergence is present this can also be the bottom already. But so far this is the most valid count I see. My experience, divergences on an uptrend is not that strong/applicable. And often it takes full effect at the 3rd time it does a divergence. So here on a CLEAR DOWNTREND we only have 2 divergences so far. We may see a 3rd for it to rally upwards. So same application for divergences on uptrend. Bull scenario here we break the green box resistance.
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