Sherem

LTC breaking up. Almost confirmed IH&S

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
If you follow me, you know I have been preaching about this IH&S pattern, we are confirming a much larger move up as I type this. Once we break this 65 zone. We are going to 100 really quick. Targetting just under 105 for a sell and re-entry.

I will update the other charts. This movement is all very bullish across the board.

-Sherem
Comment: Previous updates:
Comment: We kept showing a lot of strength, expect some consolidation, some bull flags to form and then another move up.
Comment: Already at $74, we will move to 100-105. It will chop its way there, but thats where we are headed.
Comment: 80, sights set on 105
Comment: Still going up, almost at 90 now
Comment: It's doing exactly the pullback I went over. Missed my sell just slightly by $4, so I will hold. It will probably push through my target of 105 quite easily now. Will target 145 now.
Comment: Folks, anyone who has followed me should have all of their LTC ladders in postive territory right now. We will be getting profits through one of the worst crypto bear markets. Boo yah.
Comment: update:
Comment: so far this idea is aging quite nicely

Comments

The RSI and the price movement looks like the formation of a cup, or saucer. the length of time its taken to form and the volume going away at the lows are just a couple of the indicators that I see. we will see if a handle forms or not. I am learning to read charts and I did look it up before posting this. regardless I believe we are going to move up once the formation finishes.

Thank you for your work.
+1 Reply
Does that mean that BTC will be 9600$
& ETH 550$ - May 2018- prices. ??
Or thats not relevant ?
Reply
Where do you see the pull back to? I see about 60 range.
Reply
Sherem CharlieSNguyen
@CharlieSNguyen, Original target was just above $70 to re-enter, but it looks like it is already playing out. These markets are moving fast again.
+3 Reply
105? lets talk about 73-75 resistant first.
Reply
Sherem CharlieSNguyen
@CharlieSNguyen, Nah, that doesn't matter
Reply
Sherem CharlieSNguyen
@CharlieSNguyen, Blew through them
+2 Reply
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