Based on current pattern trends, I'm confident LTC is in the bear-end of a dumpling top formation. If this pattern plays out, as expected, we will see low $60's/high $50's by late Saturday. Usually it's rare to see DT's, but then again.. this is crypto. Have fun.
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I updated my chart since the DT is breaking out farther right. Could be a few days before we see the bottom.
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Update: DT confirmed. It has a strong bearish slant. Meaning: this reversal will be very powerful. If the full formation plays out, without any bullish recovery, we could be looking at low $40 range.
Keep in mind: if you plan to trade, there will be a lot of zig-zags on the way to the bottom. Only real opportunity is via shorting or scalping the swings. BUT, once we bottom out, the bullish recovery will be very strong. So, for all the crypto "doomsday" believers out there.. it's not happening. This is a normal reversal, albeit a very powerful one, and we will be soaring soon enough.
After examining your predictions, we can all see that you have a horrible prediction accuracy. You would have a better chance if you just did the opposite of what your predict. Hell, I would probably make a lot of money if I just did the opposite of what you predict.
wallstreetwise
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Update: DT confirmed. It has a strong bearish slant. Meaning: this reversal will be very powerful. If the full formation plays out, without any bullish recovery, we could be looking at low $40 range.
Keep in mind: if you plan to trade, there will be a lot of zig-zags on the way to the bottom. Only real opportunity is via shorting or scalping the swings. BUT, once we bottom out, the bullish recovery will be very strong. So, for all the crypto "doomsday" believers out there.. it's not happening. This is a normal reversal, albeit a very powerful one, and we will be soaring soon enough.
@pirate4ever, I'll be updating the chart within the next day or so. If you've been around the block, the indicators are pretty clear, but I'm happy to include some trend analysis.