FibMarketWatch

LTC : Up, Up, and Away

Long
FibMarketWatch Updated   
COINBASE:LTCUSD   Litecoin
I have decide to update my original idea. I still still believe in my $228 & $245 Targets for LTCUSD but we had an irregular correction. I’m on an iPad so I will let the chart do the talking. So, the only real difference is the timeline which is now 3 to 5 days.

Stay thirsty my friends,

-AB
Comment:

Looking at the 30 Min chart we see a inverse head & shoulders formation.

This very well could be the catalyst to my targets.

Stay thirsty,
-AB
Comment:

Good afternoon everyone,

I have updated my chart. We are working are way towards the end of the inverse head & shoulders. We also have a inverted wedge that has a time frame of a day and a half.

I added a sin wave too. It correlates with the waves. We are still in the 4th wave position of the inner 1st wave. We have had an irregular correction which usually, usually means we will see an extended 5th wave. At $242-$245, their will be between a 23.6%-38.2% retracement fof the 5th inner wave.

Hope you find this helpful.

Stay thirsty my friends,

-AB

P.S. Get your popcorn out and get comfy.
Comment:

Well, I knew the move was coming and it was a catalyst.

The bulls held the trendline quite well. Let's see if we get the follow through on the right inverse head & shoulder.

Stay thirsty my friends,

-AB
Comment:

One more point before I call it quits tonight.

Textbook wave in the 15 min. charts.

Let's do this...

Also, updated the MACD to my own custom configuration. I have back-tested this MACD and found it to be quite accurate. Enjoy.

Stay thirst my friends,

-AB
Comment:

Morning,

We are in the final hours...

Let's see what happens, here is a new chart and I added the CCI and TRIX.

Hold tight, it could be a failed 5th wave but as you can see a clear pattern in the rectangles.

Cheers,

AB
Comment:
HODL.

This is the SECOND IRREGULAR CORRECTION.

We will have a strong bounce around 189-195.

Brace. Don't be fooled.
Comment:
Trade closed: target reached

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