My 3rd ever analysis, so please feel free to correct me ad suggest me other tools which i'm discovering.
Looks like it price can hit early May near 0.02 or slightly above
Buy near present levels at 0.015-0.016
Alright, measured move similar to the pump we saw in earlier 2015, both are up into structure resistance... time to start taking profit, or shorting, if you have the ability... and the balls. A return to 0.007 would be in order if this were to top in this range.
0.017xx would be the short area if it gets there, right at the top of the channel.
Quite extended...
A week ago I would have been certain of another big dip but much has changed. Players have switched sides. thought im surprised to see the market following this same angle for nearly month. will be interesting to observe and also i have an active trade still, got out clean but hey LTC is going to $30 isn't it. :) FOMO FOMO FOMO
Coinbase added Litecoin so it went up to the target zone much quicker than expected.
Do we expect a retrace? I'm not sure...Sell the news?
We will see, anything can happen.
As forecasted, btc breached out of the pennant on decent volume, breached hard resistance at lines x and 4 and 3, and we are currently meeting hard resistance at line y.
I bought more the first time we pierced line x.
Will look to take some off the table around lines 1 and 2.
Will hold some for longer term and look to buy back on dips.
This is a tough one to call.
Everyone and their mother bought Litecoin because of Segwit. When everyone buys...there's no one left to buy. So it's currently trying to shake off as many people as possible, and lots of pants are being shat (including mine, as I wasn't going to risk NOT being in for the Segwit lock-in).
There are a LOT of people to shake off, and...
Red target set earlier today has just been touched after a ltcusd breakout on high volume
Lines 1 and B represent short term support.
The purple line represents a potential inverted head and shoulders, forecasting a similar move to the red target (set by the red rectangle pattern)
RSI looks in good shape for another leg up in LTCBTC.
If Bitcoin continues its decline, then we can see some good gains on this pair.
It reached bottom of channel yesterday, and has bounced off here too, similar RSI pattern indicates elevation.
Overlaying the ichimoku cloud also indicates a breakout on the 6h.
Careful with any reverse with Bitcoin as could...
BitPivot waiting for the right moment to pump this coin to the next level. I expect to break up this triangle on Sunday, April 23rd, after the french election.
Entry: 0.009 - 0.0098.
TP1: 0.0145.
TP2: 0.0185.
TP3: 0.021.
Stop-loss: 0.007.
Risk/Reward: 1/3.
This idea is a continuation of the previous:
Good luck.
Disclaimer: As usual, this is not a...
