Now it´s clear. Wave no 5 was the final trend wave of an impulse. Now (what you show as a-b-c waves after wave 5) is the correction of the last impulse. It stopped perfectly at 61 Fibo retracement
Now comes the retracement of the retracement. LTC should run up retracement 32 or 61. Then is the big question: was this just the (smaller) correction before the next impulse or comes a big correction and this, what you show as wave c, ist just the first of three correction waves.
I guess, this depends on btc again. It´s the big question, if BTC just tested the median of the Bollinger Bands or if it will go through.
But at least you made a great job with the waves. It is really hard to count Elliot Waves as it is never clear, which wave belongs to which time frame. But EWs be a great help
RealDaniil
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perfect! nice to meet you!=)
TomHess
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Have a negative divergence in MACD and StochRSI, the here shown SHS is developed fully, LTC is long time overbought. End of the year (traditional rallies end now). Many signs show bearish. But the altcoins are so bullish, really hard to say, but you EWs make sense to me. I guess, it also depends on BTC.
samandreasfault
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how do you know how long to draw those lines?
jeppanl
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Spot on! #talented
TheFinancialOprah
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@jeppanl, OMG IM SO EXCITED!!!! Thank you so much for your comment!!!!
rook2pawn
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Todays bull run buy in price was $315 and my predicted buy in price was $321
Buy in price tomorrow is $335 to $350. nOt sure if gorilla at 360 is charlie lol trying to make it fair
TheFinancialOprah
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@rook2pawn, Awesome! I just have to figure out how to measure the actual waves so I can get a better measurement of time lol
pwdzongoku
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You should be in prison.
TheFinancialOprah
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@pwdzongoku, dude its only for the next 2 or so hours
Now comes the retracement of the retracement. LTC should run up retracement 32 or 61. Then is the big question: was this just the (smaller) correction before the next impulse or comes a big correction and this, what you show as wave c, ist just the first of three correction waves.
I guess, this depends on btc again. It´s the big question, if BTC just tested the median of the Bollinger Bands or if it will go through.
But at least you made a great job with the waves. It is really hard to count Elliot Waves as it is never clear, which wave belongs to which time frame. But EWs be a great help