I'm expecting a bottom at $18.3 February 3:d.
The head and shoulders structure is too perfect.
This is just one perspective. There is multiple ways to look at LTC. This is just the structure that I think will be dominant in the short term....
The head and shoulders structure is too perfect.
This is just one perspective. There is multiple ways to look at LTC. This is just the structure that I think will be dominant in the short term....
Comment:
Wops... The text in the chart shows 2:d February. It should in fact be the 3:d. More or less the same...
Comment:
$41 is actually a very important resistance (maybe not in the future anymore). So in my opinion it's important that LTC approaches this resistance in an utterly graceful way. Creating this 100% perfect head and shoulder pattern is like a man putting too much wax in his hair before making his move on the female counterpart. The counterpart may look though the well polished exterior.
Comment:
And if I'm wrong (which I very well could be) I think LTC will go to $123.
Comment:
When looking at the rest of the market, I'm seeing a false smile trying to hide a grin. I'm also recognizing some typical stuff from earlier in this bear market. So much is familiar I'm temted to just call this market a dead cat bounce.
IOTA for example looks so scary I'm not even willing to make an idea about it - it would just look silly and I've got too much of those silly ideas. So this LTC idea is more mature. It's just a 50% drop.
IOTA for example looks so scary I'm not even willing to make an idea about it - it would just look silly and I've got too much of those silly ideas. So this LTC idea is more mature. It's just a 50% drop.
Comment:
If it breaks above $42.0 consider this idea closed down...
Comment:
Yeah yeah yeah, it went a few cents above $42.
I still think it's too early to close this idea down.
Flash crash is possible, due to stop losses being triggered.
Don't be surprised if it happens.
I still think it's too early to close this idea down.
Flash crash is possible, due to stop losses being triggered.
Don't be surprised if it happens.
Comment:
Could flash crash all the way down to $17.6
(A more controlled crash like expected is still with a target at $18.3)
(A more controlled crash like expected is still with a target at $18.3)
Comment:
Comment:
That's a real H&S. Like a deer it's trying ho hide behind the trees. It's created organically. Wops, all of the sudden it was just there. Not expected. Not taken into account.
Comment:
"Houston we have a problem"
Comment:
This is another perspective of LTC. I currently have two charts that are distinctly different that are both valid. Sure I could superimpose them on eachother, and maybe I'll do that at some time. When looking at the chart you notice the strong and how the price is reacting to it. These charts I use is very old and was drawn as they look now.
Comment:
Comment:
Big crash coming soon.
Trade closed manually:
CLOSING THIS LTC IDEA DOWN.
IT IS MOST PROBABLY FAULTY.
TOO BEARISH.
IT IS MOST PROBABLY FAULTY.
TOO BEARISH.
Comment:
Just one last comment...
Note that if you press play on this chart you notice how LTC is moving directly towards what the arrow points at. This fascinating coincidence is something that I think will not hold forever. I'm going to tell when this will change (in my opinion).
Note that if you press play on this chart you notice how LTC is moving directly towards what the arrow points at. This fascinating coincidence is something that I think will not hold forever. I'm going to tell when this will change (in my opinion).