in this post ill try to analyze ltc layer by layer , time frame by time frame down to 240 minute timeframe, using fork and fib levels.
we start by Monthly chart obviously.
so here we are, bounced back for the second time from the 0.5 level of the latest monthly bullrun at 101.72, trying to pierce the 0.618 lvl of an old bearish fib from 2018 at 136.54.
passing this level will get us to the .65 of the same fib at 150.01 and then have the clear way up to .5 of the latest monthly bear run at 207.5 with the target level -.236 of the previous monthly bullish fib just above it at 227.79.
the cluster of .618 .65 from the last bear run could stop us at 244-255 area. and the the start of the next bull run can be celebrated at above 354.10 which is the .887 level of the last bear run.
so for bulls targets to enter or to add are above these lines:
150.01
177.4
207.5
a little to big shake off possible at 227.79 with a drop even down to 138 to 155 area possible, after take off:
244.22
255.26
another shake off possible at 276 area....its windy up here :)
and finally 354.1
with the optimistic final targets of 802 and 1321.
for our bear brothers and sisters, the first step would be breaking the 101.72 line, touched twice and never breached :)
further down the road the cluster of 66 to 73 ( .618 and .65 of the last monthly bull run) and another cluster of 45.33 to 37 with lower point being the mighty line of 37 (the .5 of the total monthly bull run) will block the way.
then the cluster of 17-20 ( .618 and .65 of the same bullish fib) will stop the bears. the final target being the shameful 11.07.
so for our bear friends the ponts to short or dd to positions are just below the price lines below:
101.72
66
possible turbulences at 76 as some bears hit target.
73
45.33
37
20
17
more detailed roadmap in next episode :D
as always R:R 1 to 4 or above
obviously not a financial advice
we start by Monthly chart obviously.
so here we are, bounced back for the second time from the 0.5 level of the latest monthly bullrun at 101.72, trying to pierce the 0.618 lvl of an old bearish fib from 2018 at 136.54.
passing this level will get us to the .65 of the same fib at 150.01 and then have the clear way up to .5 of the latest monthly bear run at 207.5 with the target level -.236 of the previous monthly bullish fib just above it at 227.79.
the cluster of .618 .65 from the last bear run could stop us at 244-255 area. and the the start of the next bull run can be celebrated at above 354.10 which is the .887 level of the last bear run.
so for bulls targets to enter or to add are above these lines:
150.01
177.4
207.5
a little to big shake off possible at 227.79 with a drop even down to 138 to 155 area possible, after take off:
244.22
255.26
another shake off possible at 276 area....its windy up here :)
and finally 354.1
with the optimistic final targets of 802 and 1321.
for our bear brothers and sisters, the first step would be breaking the 101.72 line, touched twice and never breached :)
further down the road the cluster of 66 to 73 ( .618 and .65 of the last monthly bull run) and another cluster of 45.33 to 37 with lower point being the mighty line of 37 (the .5 of the total monthly bull run) will block the way.
then the cluster of 17-20 ( .618 and .65 of the same bullish fib) will stop the bears. the final target being the shameful 11.07.
so for our bear friends the ponts to short or dd to positions are just below the price lines below:
101.72
66
possible turbulences at 76 as some bears hit target.
73
45.33
37
20
17
more detailed roadmap in next episode :D
as always R:R 1 to 4 or above
obviously not a financial advice
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