Watchlist Update 25 (Vid) | BTC, LTC, XMR (Bounce coming?)I'll keep it short, as I've already written up everything in a previous idea. Since writing the other idea, BTC has nearly reached the expected support area and LTC has continued to form a bull flag in equilibrium, but it's looking weaker, like a symmetrical triangle. If you were in the Discord channel, you would have caught where I mentioned we've already completed the edge-to-edge cloud break for now, until it proves otherwise. You'll have multiple bull signals going forward. The first will be on a break of the triangle. The second would be a break of the flag if you're bullish. I threw in Monero as I noticed it was down more than 10% on the day. It looks like it still has room to go flat for a bit and continue down, I don't see enough signs for a reliable bounce trade but you can try it, but keep your stops tight.
That's all for today. Roti out.
Xmr
Monero: Why are you going down?In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.
