DHLawrence

Litecoin - fractal fractal!

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
Hello!

This fractal seems like a good fit, esp as it sets in just after a sharp valley at the respective peaks... and it has been tracking nicely for a few days now.

Of course, these don’t alway play out exactly...
It seems most likely to depart from the trace at the end of a harmonic pattern, where we look for breaks outs. Using the various indicators and oscillators At multiple time frames can help increase our success at those decision points.

I am optimistic on crypto, so things could take off earlier than the original pattern suggests.
We can also see the patterns compress and stretch as the attitude of the market develops.
We can also see it skip entire segments of this trace As the projections propagate through space. Very exciting!

Good luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.