*Entertainment purposes only, I am not a financial advisor nor an expert. Do not take this chart as investment advice*
DO NOT GET TRAPPED!! Zooming out on a weekly perspective, it appears the worst is yet to come for LITECOIN . MY personal opinion is we are currently in a massive Bull Trap driven by big money. I am expecting a repeat of a very similar pattern we saw September of 2017. This chart offers the perspective that we are still correcting but inching closer into a VERY strong 3rd Elliot wave backed by the release of the Lightning network sometime this year... Remember, the study of smaller time frames is the equivalent to looking into a microscope when it comes to wave pattern recognition. We must look at the bigger picture!! I am very bearish for now on litecoin and bitcoin but will turn into an extreme bull in March OR if this Bearish channel is confirmed broken. I am expecting to continue to see fiat dollars around the world continue to decline and gold temporarily increase as we anticipate this potential and hypothetical fall. I will surely be paying extra attention in the coming days.
**Do your own research. Blockchain is a technology, these are not imaginary coins!!!**
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
DO NOT GET TRAPPED!! Zooming out on a weekly perspective, it appears the worst is yet to come for LITECOIN . MY personal opinion is we are currently in a massive Bull Trap driven by big money. I am expecting a repeat of a very similar pattern we saw September of 2017. This chart offers the perspective that we are still correcting but inching closer into a VERY strong 3rd Elliot wave backed by the release of the Lightning network sometime this year... Remember, the study of smaller time frames is the equivalent to looking into a microscope when it comes to wave pattern recognition. We must look at the bigger picture!! I am very bearish for now on litecoin and bitcoin but will turn into an extreme bull in March OR if this Bearish channel is confirmed broken. I am expecting to continue to see fiat dollars around the world continue to decline and gold temporarily increase as we anticipate this potential and hypothetical fall. I will surely be paying extra attention in the coming days.
**Do your own research. Blockchain is a technology, these are not imaginary coins!!!**
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett