jwburnum

LTC - ZigZag - Finished 5 count?

Long
jwburnum Updated   
BITSTAMP:LTCUSD   Litecoin
I believe with have hit support at 73 for the end of the last 5 count. I might be early calling the 5th wave, but the patterns line up on the earlier 5 count. We are very close to a new trend coming. Still learning here, but the RSI is giving away all the wave counts. If you look at the 1 minute with RSI, you'll see the divergence is lining up with all the Fib levels on the correction wave.


I'm in big at 72 right now, will see how she goes. Review the vertical colored lines on RSI, they show you the divergenges at the 1 mintue time frame.

Review my earlier published idea, you'll see that everything is lining up, just had to adjust my support line to the 23% fib. level. I can't say for sure we will go below this support but from what I can tell, we have great support here to take profits.
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