LogicalDeduction
Short

LITECOIN - going to get slaughtered

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
1060 views
10
1060 23
Can't believe I didn't see this. Litecoin is going to get slaughtered.
Comment: It's a f#cking perfect symmetry going on...
Comment: Redid the chart cause I wasn't happy about it.
Added some really old trend lines .

Still bearish ...

Comment: 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.
Comment: If you bought at 38 you are right now in profit.
Comment: Recap, this is how the crash looked...

Comment: Litecoin looks stable.

Comment: 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.

Comment: Buy at $23
Comment: Finding new patterns, optimism next year.
But first one more crash, I hope for.
Buy at $23.5

Fibonacci is quite magic. Thanks again for sharing your analysis.
Reply
Another delusional unrealistic bearish LTC idea.
+1 Reply
imos MertB
@MertB, these charts make me laugh when I see them.
Reply
@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.
Reply
MertB wallstreetwise
@wallstreetwise, Explain how we would go to 12.67 from these levels. It's completely illogical based off the fundamentals.
Reply
@MertB, I wouldn't bet it to go down that much. I consider it merely as a point of attraction.
Reply
in september ends? impossible... sorry...
Reply
@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...
+2 Reply
You must have a lot of time on your hands. Still, a mind is a terrible thing to waste.
Reply
@Saylo, Actually this chart didn't take alot time to create. I'm quite a stable guy, believe it or not.
Reply
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