joe2411
Short

LTCUSD LTCBTC $60-90 IF FAILS TO BREAK OUT!

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC has made an impulsive move recently and bounced off the 88 fib where a Bat pattern normally completes. If Ltc fails to break out from the trendline impulsively we can easily see ltc drop down to the 1.13 to 1.27 PRZ which is the $60-90 range. we have had many bat patterns fail during this corrective period and the bat pattern stats on cryptos havnt been very successfull at this stage. Chances are this will fail too only to see potential reversal zones as mentions. should breakout ail happen the bigger strucure would give us a nice ABC or more complex WYY pattern ending at the 88 fib alsoon the bigger picture strucure. The bigger WXY structure looks more complete and im biased to a non br3akout at this stage. as i posted earlier i have been noticing many if the crytpos are heading or passed the 88 retracement levels and cant see this being any different at this stage. lets see how this plays out. yes we had some volume , price movement etc etc but big brother BTC aint moving yet.
Comment: https://www.tradingview.com/x/6og1O4ALTC... LTCBTC weekly charts doesnt look good. looks like we heading to complete abc or wxy as originally projected. looks like we coming back to that major trendline. big timeframes always supercede the noise from the smaller timeframes
Comment: LTC freefalling nicely,... targets looks good
Comment:
ltcusd looks like its the first to break thriugh the sell flags on many cryptos. whos next?
You're 100% correct. We posted a month ago with LTC at $208 that it was headed to $93 and ZERO has changed other than the hater that post nonsense with nothing to back up their stuck long positions. Good luck.
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joe2411 london55555
@london55555, haha yeah look you cant blame those people for being frustrated, i would have probably thought the same, it was only after i started to see the bigger picture and closed many of my positions and took the emotions out of the game which only them i started see it alot clearer. Ive been ready on the sidelines waiting for those levels to hit, and they WILL!!! ready to buy in at much better rates. We will see it, we still have 30-50% further down moves across the crypto space. My initial thoughts is that we should see this end approx mid April so in saying that it needs to start heading south now, as it has and im sure at some stage its really going to get messy and intense. feeling good im out of my positions and im sure most of the money is also doing the same as per the total market cap supply. HODLrs are goping to be having alot of anxiety, i was one and beleive meits not easy seeing past the emotions but been trading enough to snap myself out of it haha, hope HODLrs have enough nerve to stick it out or just dont look at the crypto space till endo fo April haha,.. all the best
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@joe2411, We've been trading futures for over 20 years and write our own algos. All these so called TA "experts" on here have zero expertise as deep value investors and I mean zero. There is only one way to approach crypto and that's exactly the way you're doing it as a somewhat "deep value" buyer if there is such a thing in the crypto world. Virtually every single one of these day traders will eventually go broke chasing these "experts" and their charts. Good luck.
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joe2411 london55555
@london55555, haha yeah ive been watching some of them and makes me laugh how in depth depseration there is to see what they want to see, bigger picture always counts. I posted an idea of total market cap and the noticing of many of the patterns hitting/completing at 88 fib retracement. That would mean a total market cap about 80billion.... i was wowed, and thought sh..t,... is that really possible?? kind of scaryt to think about it hahah but you never know
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@joe2411, It would be funny except that some of these guys are costing new traders real hard earned money. Last week that guy MCP or whatever he calls himself called me out when i questioned him he said " I'll bet you an enormous amount of money im right! Well how about it?" So I responded "Ok great im game - you pick the attorney we agree on we both escrow $100,000 and the winner takes all" He never took the bet or even replied again.
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joe2411 london55555
@london55555, hahaha thats awesome, yeah i realised there is alot of "newbies" or wannabe's here, people really should do their own research and education or at least get someone to work with their money whoi understands what needs to be done
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joe2411 joe2411
@joe2411, watch all the commenmts come with this first green bar on most coins, OMG,.. the bull run had started, it didnt breach this/that level yaddiyaddiyaddida,...bat poattern, cypher pattern, gartley pattern etc etc etc, and they all fail hahah here we go, lets see hahaha
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joe2411 joe2411
@joe2411, the only releif for bulls right now is a flat pattern to play out only to drop but if it does, it will need to be quick and an even more rapid drop to 4k on btc, doesnt change the WXy structure
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come on bro
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joe2411 afreet77
@afreet77, haha i knew this would be controversial to some degree but just because it appears to be an impulse, doesnt mean it will breakout. untill it does then we can change bias to upside and even then it can still be a deeper abc for more comlex wxy. as mentioned its all subject to the breakout but btc is our leader and everything else follows. cant ignore btc. just the way this market is. my view on btc is for another big move down hence why i attemoped to see ltc in an alternative way. future opens tomorrow, lets see which way the futures sends it. at this stage im still biased to the down side overall on the full crypto market
+1 Reply
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