Not much to say here. I woke up today with LTC having absolutely dumped hard and FAST. It was miserable. Today was miserable. As bearish as you might feel, consider this one... last long. I was just as bearish as anyone this morning, but this has me reconsidering.
This is not financial advice like always. I don't know what I'm doing half the time. This idea is for educational and entertainment purposes only.
SO.....
Look at the yellow boxes. Count the days. Look at the similarities. Check out how we're testing the 200d EMA before we (possibly) go higher. Notice that this is almost in the exact same position, right in the middle of my broad upward running channel that I drew I can't remember how long ago now. It happened in 2017 right near the middle of this channel too, not that that bears any significance in and of itself, other than it adds another similarity to our delicious pie of bullishness, almost a copy/paste version of last bull market in 2017. If we look at this timewise, and copied this dip EXACTLY (which will not happen of course) about 95 days from this dip (mid September) we could be seeing a new ATH at ~$2k.
This is not financial advice like always. I don't know what I'm doing half the time. This idea is for educational and entertainment purposes only.
SO.....
Look at the yellow boxes. Count the days. Look at the similarities. Check out how we're testing the 200d EMA before we (possibly) go higher. Notice that this is almost in the exact same position, right in the middle of my broad upward running channel that I drew I can't remember how long ago now. It happened in 2017 right near the middle of this channel too, not that that bears any significance in and of itself, other than it adds another similarity to our delicious pie of bullishness, almost a copy/paste version of last bull market in 2017. If we look at this timewise, and copied this dip EXACTLY (which will not happen of course) about 95 days from this dip (mid September) we could be seeing a new ATH at ~$2k.