I'm of the opinion they will keep BTCUSD relatively sideways WHILE dropping LTCUSD; which will result in LTCBTC going down. This way, they can ACCUMULATE MORE BITCOIN by selling LiteCoin for Bitcoin.
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Per @seanock request, I'm doing another video update.
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For whatever reason, TradingView's platform did not want to post that video. That was over 30 minutes work wasted. I'm going to TRY to do this AGAIN and hopefully it will work. This may take another 30 minutes...
Hi David good video, I agree with the accumulation of BTC against the ALts...sideways action with BTCUSD while accumulating against alts. Love the RSI you created can you send that if get a chance; would love to try it out. Again great vid! Been flat in LTC but was looking for an entry point which I was looking at 75 but might not come down that far....
That indicator is Stochastic RSI. It's a PUBLIC indicator and not my own. All I have done is customize the INPUTS. Here is an image of the input settings: i.imgur.com/ufrJEc3.png
We may still go all the way down to my FIB at $74. However, I'm not prepared to say we will go down that far just yet. Let's see what the indicators look like once it falls to $95 to $100 price range.
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David, we're only a few days into that 2wk candle. The 1D timeframes & below are looking up, do you think there's any chance LTC/USD continues skyward? Or is this one last pump before we should expect a big pullback?
@ProwdClown, Thank you for the great response! Sorry you had so much trouble with the upload to TV, all your work is very much appreciated. Best of luck with your big move.
Best, Scott