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junghyun2006
Aug 31, 2017 10:04 PM

LTCUSD correction incoming after 5th wave completion! Short

Litecoin / DollarBitfinex

Description

LTCUSD has hit the top of the channel resistance and appears to be finishing up its 5th wave. I expect a stronger correction to the Fibonacci levels.

Comment

Comment

I've made an error with my resistance. i believe this one is more accurate.
Comments
maximegalon55
We may be yet to see 5 of (5) [per your labeling] putting us closer to $82-$85 depending on which wave is being used for fib-extension. Also recall per EW waves 2-3-4 (ref to supra-numerical waves labelled above) redefine the upward channel so the upper bound identified here may be breached, along with, peak volume.
MiloszKaszynski
It broke up channel it will go parabolic as BTC once :)
StuddMuffin
It broke through the channel.
junghyun2006
@studMuffin, not yet for my my channel
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