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thejdela
Jul 25, 2019 3:57 PM

62% Increase On Litecoin Coming Long

Litecoin / United States DollarCoinbase

Description

After a generous pullback I would look for a move up to the top of the green box up there and then a sudden pull back. Doesn't have to, but this is what I am looking for. Volume needs to start increasing with demand to continue bullishly. Currently looking at the ascending triangle and also descending broadening wedge, two bullish patterns to push price up. If Bitcoin starts to slow down, expect this move to happen quickly.

Not financial advise, please trade based on your own rules and setups.
Comments
UnknownUnicorn788630
Why does your corrective wave B go above wave A? What kind of elliot wave is that...
thejdela
@Moonsie, Things like this happen after fifth wave extensions: gyazo.com/7dc223ee7b315e46b986c825c44e19e9

UnknownUnicorn788630
@thejdela, Ok then why is the first rise to 144 not 5, the drop to 120 B, and the second rise 148 (5)?
thejdela
@Moonsie, Post a chart and I will take a look at it
thejdela
@Moonsie, I see some of your litecoin charts and you also think you'll see it at $60 again?
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