WyckoffMode
Long

LTC 3-Day TF Looks Bullish. Automatic Rally Likely Underway...

POLONIEX:LTCUSDT   Litecoin / Tether USD
Posting this 3-Day Chart AGAIN just incase TV's platform scrunches up the cover chart too much to read properly.


Here's an example of a Wyckoff Accumulation Schematic in the following image link: https://i.imgur.com/54FyNdB.png

Here is a link for more information to stir up interest for those not familiar about Wyckoff Method of analysis: https://stockcharts.com/school/doku.php?...

Books by Wyckoff can be found in the following link. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%...

More updates with other time frames will follow over time.
Jan 04
Comment: MONTHLY TF: Have a look at the Green Line and Red RSI in Godmode on this MONTHLY TF to see WHY the Automatic may be underway in the lower Time Frames.

Jan 04
Comment: 2-Week TF:

Jan 05
Comment: I drew a line on the 2-Day TF within Godmode indicator to give a visual on where the Blue LSMA may go up to before falling back down. We're currently looking at an Automatic Rally potentially lasting until the last week of January before a reversal back down to a Second Test in Phase A.

Jan 05
Comment: Pardon for posting this again but I made a few adjustments and alterations. I believe it's likely we go up to the BLUE 0.786 FIB at $73.54838439 on this Automatic Rally before turning back down to our Second Test of Support in Phase A. We'll have to pay close attention to the indicators in several time frames once the Blue LSMA in the 2-Day TF passes the 80% level. Mainly to stay on guard to try to sell at or near the top before going down to our Second Test of Support. In case you're wondering: Our First Test of support was our "Selling Climax."

Jan 07
Comment: UPDATE using 6h TF:

Comments

fantastic makes sense and THANK YOU for the legend
+1 Reply
@cskfk,

Yes sir, you're welcome!
+1 Reply
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