jthrasher

Litecoin Major top

Short
jthrasher Updated   
COINBASE:LTCUSD   Litecoin
Looks like a complex head and shoulders hybrid formation (head and shoulders within head and shoulders) which OG technical forefather Edwards says are often major reversals. Litecoin's previous bottom was almost a perfect .618 pullback of it's prior low so I'm looking for a short on a reaction with a target around the .618
Comment:
short/mid term bearish, long term bullish still. Think it's just in the process of making a macro highler low.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.