On the other hand, if price breaks out above the top of the , and confirms above it, that would be a deviation from the pattern, and it would be a technical buy signal. However, I don't really expect to see that. I think there is a higher probability (given the overall weakness and the pattern) that we will see a rejection at the top of the . Regardless, I will be a buyer if we break out, and a seller if we get rejected here. If Litecoin falls from here, obviously BTC should be falling as well. So, this is technically derived from BTC , and relevant to the whole market.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***