Can't believe I didn't see this. Litecoin is going to get slaughtered.
It's a f#cking perfect symmetry going on...
Redid the chart cause I wasn't happy about it.
Added some really old trend lines .
Still bearish ...
I redid it again. Not posting here. This is a hard one. The problem is that there is multiple perspectives with the came center point for the Fibonacci circle set, resulting in slightly different versions.
$38.0 should be a buying opportunity though.
If you bought at 38 you are right now in profit.
Recap, this is how the crash looked...
Litecoin looks stable.
Why do you care about the short term trend in Litecoin, when the long term downward trend looks so dangerous? It's scary in my opinion. Keep a safe distance from this. It being neutral right now doesn't mean safe.
Buy at $23
Finding new patterns, optimism next year.
But first one more crash, I hope for.
Buy at $23.5
@MertB, Not sure if you're a troll or a noob, but you're dead wrong, bud. W5 was just completed. I'd suggest doing your homework and looking at more charts than just the 5-minute. Otherwise, your losses will be staggering.
@Bibis.Trader, Not necessarily in the end of September. It's just the force downwards in that direction, it's not equivalent to a movement in that direction.
For example if you ride a carousel, you are accelerated to the middle but you move perpendicular to it...