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kingretep
Nov 28, 2017 3:02 PM

Litecoin Double Bottoms 

Litecoin / DollarBitfinex

Description

Litecoin tends to consistently test an ascending support baseline with double bottoms. This W formation resolves in both upside and downside which makes it difficult to predict. The current position is poised to go either way. I'm long, but will be exiting this position if we don't see a breakout or early signs of a handle formation.
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