WyckoffMode
Short

Already at 1.618 Extention & Expect Reversal to Test Support

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Finding the DATE of a top can be more difficult than finding the DATE of a bottom. WHY? Because the market spends more time going up than it spends going down. Meaning, the indicators can spend more time at or above the 80% level in the higher time frames (such as the 4-Day TF) than they spend at or below the 20% level in the higher time frames. That definitely tends to be the case more often with BTCUSD . And the same goes for LTCUSD .

With LTCUSD already at my 1.618 extension , I can't help but wonder if we will go down by no later than March 22nd. The Daily still shows more upward pressure (when looking at the ENERGY indicator within Godmode/Phoenix 1.118). So, there's a possibility we can continue going a little higher till March 22nd. It's also possible we have found our high BUT we don't actually see a significant move downward until March 22nd.
Comment: Daily:

Comment: 12h TF:

Comment: 8h TF:

Comment: One last update for a while with a look at the Red RSI in the 6h TF:

Comment: My apologies, but one more update showing the Blue LSMA in the 3h TF. This is simply to show the LATEST possible "date" of a potential reversal to downward pressure being March 22nd. We COULD begin reversal sooner than Friday, March 22nd. Simply pointing out the LATEST possible date in the 3h TF with the Blue LSMA if it were to continue to the 80% level before reversal.

Comment: Answered a question in a 5 minute video regarding 1.618 FIB extension target:

Providing Clarity for Coordinates on FIB's in my LTCUSD Analysis
Comment: My bad, forgot to post the video: lol

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