LTC was skyrocketing until Wang Chun tweeted the (now deleted) "I'm not sure about SegWit" tweet. It took 6 days for him to retract and clarify his position, and that's when buyers shot back in. Now instead of the steep frenzied increase in price, it looks like we're holding at a new casual increase. I'm guessing this will hold until either news comes in that SegWit is fully implemented or until the trend meets with the top of our current fib retracement levels around May 4th.
Will it break up or down? I'm thinking that with the previous trends it will break up at least temporarily, but without news traders might get tired of waiting. Either that or I'm totally barking up the wrong tree and have no idea what I'm doing. :)
May the Fourth be with us?
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Well, so much for that idea! It just broke out of the pitchfork down to $11.00.
Trade closed: stop reached
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Hmmmmmm..... actually.. not sure! It's seeming more and more unlikely my idea is correct, but it technically hasn't out of the pitchfork since the body of the candle remained within. Only the wick dropped out but shot back before closing of the hour. Soooooo.... I'll keep my eye on it.
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Trade closed manually
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Yep, it's gone. Nevermind! SELL! SELL!
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.... Wow, this just might work after all.... BUY! BUY!