LTC
LTCUSD
ended it's correction with a simple ZigZag Correction. We are now into the 3rd Major Wave, which is expecting a price target of
LTCUSD
245.25. If this wave exceeds
LTCUSD
245.25 we are in for an extension which could be 200%+ retrace levels of the inner wave 1.
Timeline: 1-3 days
Stay tuned for updates.
-AB
LTCUSD
ended it's correction with a simple ZigZag Correction. We are now into the 3rd Major Wave, which is expecting a price target of
LTCUSD
245.25. If this wave exceeds
LTCUSD
245.25 we are in for an extension which could be 200%+ retrace levels of the inner wave 1. Timeline: 1-3 days
Stay tuned for updates.
-AB
Comment:
Update: 1st Target is 228.29 and 2nd target is 245.25. I will update if anything changes.
Comment:
Comment:
Comment:
Targets still in force. We have to watch out for irregular corrections.
Comment:
We have a horizontal triangle formation in a 4th wave position which suggest we are going to get an extended 5th wave. The Orange 5th wave is incorrect the 5th Wave has NOT occurred but is about to begin. This reaffirms my targets. I have updated the chart to show the horizontal triangle. I will update it further when I get back to my desktop.
Get ready for a large move. Targets still in place.
We have a horizontal triangle formation in a 4th wave position which suggest we are going to get an extended 5th wave. The Orange 5th wave is incorrect the 5th Wave has NOT occurred but is about to begin. This reaffirms my targets. I have updated the chart to show the horizontal triangle. I will update it further when I get back to my desktop.
Get ready for a large move. Targets still in place.
Comment:
Bulls are Fighting Whales
But...
Selling is Weaking
Bulls are Fighting Whales
But...
Selling is Weaking
Comment:
Updated Chart:
1. We are in the 4th Wave
2. Irregular Correction: Double Flat
3. The Double Flat made a large Horizontal Triangle
4. Irregular Correction in the 4th Wave tends to lead to a strong move.
Conclusions:
Selling is weaning, their is a struggle between bulls and whales. I am still expecting an extended 5th wave. Keep your stop-loss small, approx. at 199. This is going to be a big move either way.
Expecting move within 24-36 hours.
Stay thirsty my friends.
Updated Chart:
1. We are in the 4th Wave
2. Irregular Correction: Double Flat
3. The Double Flat made a large Horizontal Triangle
4. Irregular Correction in the 4th Wave tends to lead to a strong move.
Conclusions:
Selling is weaning, their is a struggle between bulls and whales. I am still expecting an extended 5th wave. Keep your stop-loss small, approx. at 199. This is going to be a big move either way.
Expecting move within 24-36 hours.
Stay thirsty my friends.
Comment:
Looking at the 1 minute chart, we see:
1. Rising Wedge
2. Mini Wave 1 & Wave 2
3. MACD sharp divergence.
Conclusion:
Targets are still in force. This is a rubber band about to snap.
Stay thirsty my friends,
-AB
Looking at the 1 minute chart, we see:
1. Rising Wedge
2. Mini Wave 1 & Wave 2
3. MACD sharp divergence.
Conclusion:
Targets are still in force. This is a rubber band about to snap.
Stay thirsty my friends,
-AB
Trade closed: target reached
