Just some thoughts about the LTCUSD break out which was awesome.
Not breaking this .886 on my chart area has me concerned that we won't get to test the ATH (or see a double top). Makes me think more or less that there will be retracement to .5 to .618 to test for strength. Consolidation above .886 would give me hope in the strength to test for the ATH run, otherwise not so much.
Comments
nvlightning
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There is a huge double top from the beginning on 11/24/13
speracado
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@nvlightning, eh.... thats like saying "the stock market crashed in the late 1980s and 2008 was a huge double bottom" but I feel ya.
nvlightning
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I'm just wondering if it will repeat history and drop just as fast.
UnknownUnicorn942585
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Hey nice chart, im targeting exactly the same just on the CNY chart 290 CNY + the 10%+ China premium equals 39$ on Polo