we could be up for a major move to the downside. I think ltc is forming a ascending wedge. The whole uptrend of btc and litecoin is more corrective than impulse. so we will
probably go down in the next week. This upside action could form a double top or correcting more upward instead of impuls. for Btc there is also a major resistance.
probably go down in the next week. This upside action could form a double top or correcting more upward instead of impuls. for Btc there is also a major resistance.
Comment:
it touched the trend line above. but much resistance as expected also btc has very low volume. on the one hour a slightly bearish divergence. if we dont break the trend line its a perfect short opportunity.
Comment:
two weeks later but stille exacty in the pattern. so the pattern is valid. no wait for the sell off