TradingView
MagicPoopCannon
Jan 22, 2018 2:01 PM

I Hate To Say It, But I Told You So. Litecoin! (LTC) 

Litecoin / U.S. dollarBitstamp

Description

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-
Comments
jbuenojr1
Do you have an LTC donation address? You've been calling this right from the start
piatt.jesse
How likely is the price to fall below the pink support line at 174?
Jcfischetti
Never regret being right Poop!... urinalysis is by far the most helpful.....see what I did there..lol you rock Poop!
MagicPoopCannon
@Jcfischetti, MPC approves of this message. =D
Jucsik
I am so glad that I have found your channel, among the hundreds of useless ones, which just show large arrows and write "moon" whitout any explanations at least. Your TAs Sir are truly fantastic, I enjoy following them! I hope to learn some things by time. Thank you for sharing your thoughts! Many people do this only for money you know, so I everyone should be grateful. Dont listen to the trolls and moon fanatics.
cryptohop
still waiting on that 105.94
caytonmcdonald
@cryptohop, And how many predictions have you made correctly?
cryptohop
@caytonmcdonald, I just said I'm waiting on 105 so I can buy. Sounds dreamy.
CryptoOmar
@cryptohop, if it follows the chart, 105.94 wouldn't happen for at least another couple of days. Right before the futures.
cryptohop
@cryptohop, my limit buy at 105 triggered last night.. what a bloodbath! Looks like it went to 100. You were wrong poop. LMAO.. what a call ..... props
More