WyckoffMode

Chance for $65 by April 5 to 7, 2019; Volume Needs to Increase.

WyckoffMode Updated   
KRAKEN:LTCUSD   Litecoin
We still have diminishing volume in the higher time frames. Which leaves me feeling doubtful about a move up to $65. However, a move upward to $65'ish is still possible. Low time frames indicate downward pressure is likely to continue for the next 4 to 8 hours before we see another bout of upward pressure. Still looks like we are in a tight trading range for a while (sideways). It's possible the remainder of this weekend may be spent with downward pressure for the most part when looking at mid term time frames. Our last bout of significant upward pressure may not begin until Wednesday, April 3, 2019 or Thursday, April 4, 2019. I'll have a look at the 6h, 12h and Daily once more to make sure and post an update for clarification.

If the volume does not increase significantly in the higher time frames, we may continue sideways in a tight trading range until April 5th to 7th before consolidation.
Comment:
12h TF:

Comment:
The Red Vertical boxes identify April 5th to April 7th in that 12h chart (above).
Comment:
The more I look at this, the more $65 is UNLIKELY to be reached. I see us staying sideways in a tight trading range for the most part until April 3rd to April 5th.

Comment:
The more I think about it, about the only chance we have of $65 is "IF" they were to setup a bull trap by taking us up quickly to $65 THEN SLAM IT DOWN shortly after lulling in margin longs. Otherwise, I'm seeing only sideways in a tight trading range until April 5th to April 7th to begin consolidation.

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