Don´t be fooled by randomly drawn trendlines...
Just a matter of time...
As discussed in the larger time-frame, an interim rally is expected to occur before decline resumes. Background geometry here is offering a framework for this nascent dynamic, as price is expected to reach the price level level of Point-4 as a high-probability event, versus a 1-4 Line attainment. Independently, the Predictive/Forecasting Model remains...
Next hours are very important. I think we're going down... If we don't break this line soon, it will be resistance. I know that at finex we're a little above line but I do my ta mainly at chinese ex. Drawning this line from 1018cny or 900cny, Jan 10 is not valid imo but even that, we're below trendline at every ex. TIP: Trend is your friend, don't be retard with...
4th touch, it's the last one
Been few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above) A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled: 1. the 1D RSI drops back below the red trend line - to not recover 2. if we fail to move above 385 between now and November 16 3. if we drop below 330-340 (support...
Litecoin just entered a highway, with a relatively fast lane.. No major resistance on sight until $10.2 ~ $11 which is a historical resistance from January - June where many bagholders will be at. (20% gain from here) Strong bull for the next week or so.
Previously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620. Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp. Both formation will most likely lead to another...