Hi friends! I just have one question: Do you see? Do you see why I am a master analyst? I don't want to boast, but it's important to highlight the value of my analyses. Practically every single call that I've made, is 100% accurate. If you doubt me, review my old charts. They never lie. If you want to learn how to trade like a legend, please follow me, and allow me to teach you the way.
Looking at the four hour chart for Litecoin, we can see that it has fallen back into the small falling parallel channel, and is now piercing the pink support level. If you recall, I told you that the bear flag would likely send us lower. I also gave you the pattern that I recognized, between volume troughs, MACD bearish crossovers, and corrective moves. You can see that each time a volume trough was made on the chart (red arcs,) which corresponded to a bearish crossover on the MACD (red circle,) a corrective move followed. I think you would be hard-pressed, to find another analyst on this site, who masterfully recognized that pattern. Now, we can see that LTC continues to fall from the bear flag, as it will likely continue lower, to form another lower low on the chart. Support lies at the pink trendline, and then below at the 78.6% retrace. Below that, LTC should drop to the bottom of the big blue channel. Stay on your toes friends. The bears aren't done.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
-JD-
Looking at the four hour chart for Litecoin, we can see that it has fallen back into the small falling parallel channel, and is now piercing the pink support level. If you recall, I told you that the bear flag would likely send us lower. I also gave you the pattern that I recognized, between volume troughs, MACD bearish crossovers, and corrective moves. You can see that each time a volume trough was made on the chart (red arcs,) which corresponded to a bearish crossover on the MACD (red circle,) a corrective move followed. I think you would be hard-pressed, to find another analyst on this site, who masterfully recognized that pattern. Now, we can see that LTC continues to fall from the bear flag, as it will likely continue lower, to form another lower low on the chart. Support lies at the pink trendline, and then below at the 78.6% retrace. Below that, LTC should drop to the bottom of the big blue channel. Stay on your toes friends. The bears aren't done.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
-JD-