Looking at todays action on the LTC chart do we see the formation of a BART pattern and so a move down to 58?
the two yellow lines show the trend we are moving in can we go up from here.
BTC needs to hold its price above 9850ish or we will prob will see a drop and it could be a fast one.
So LTC needs to hold above 60.35ish I think. Or we see a move...
So repeated attempts to break the Blue book area has failed.
Volume has decreased and we broke the purple support, yes we did beak above it but looking a lower time levels we have just dropped below it again.
It is possible we try to continue up but how many times will we try to break the Blue box area before we drop.
So if we do drop its a drop to 35 or our...
Support and Resistance lines show were we can breakout to.
Can we break the neckline and move up?
Buy in above the neckline wait for conformation of breakout.
Wolf(Noob)
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So we look to have a higher low formed at 43.78 and its moving in a channel up.
Have we hit a high for now and are now moving back down the channel to our first target of the solid Green line at 40.91.
If the first target hit but breaks we can then see a further move down to 38.08
So what I expect to see a a pull back to about 40.91 and the a continue of our...
Not sure how I missed this one but in the 1 Day Chart we have an I H&S taking shape.
Please give me a like its Free and encourages me to learn more.
Wolf (noob)
We have seen LTC move within the same range from 13th Jan between 42.29 AND 46.27
But now we formed another Head and Shoulder pattern, the second such H&S in the last few days.
So will this one fail too?
Two levels to look out for above 47.27 Buy in and below 40.88 short.
For now we move sideway but forming a Higher Low as we do so. (shown by the white...
We have a double top now in play and a drop back to support. If this support breaks its a 30% drop!
We can see a triangle forming, a possible last consolidation before a move up, so why im I saying a move up?
We have seen a lot of action take place over the weekends were great moves up or down have happened. So why did we not see that this weekend?
Of course we...
So we look to have hit resistance and formed a head now to see if we form a Right Shoulder and move down.
Retail money normal play these forming patters, but Whales love to just play with retail cash and watch as Shorts are put in place and then then make a fake up move before heading down.
Its 60% we go down 35% we go up and the 5% that we continue up from here...
We have seen some great growth the last days, To see more stable growth we should have a retrace before moving up again. This will make the next move up more stable.
On the 1 hr time frame we can see a Bull flag forming with a target of around 42.
Of course we could see the flag fall and the formation of a Head and Shoulder pattern form. We did have a H&S form...
With Trump pulling the plug on War, we see how the LTC and BTC markets are news linked.
And now we have a head and shoulder formation, quite a nice pattern has formed and a clear path to short to 32.16.
But this being the market it is, I will not be making any clear plans to enter a Short until i see a clear conformation.
On the upside this H&S could fail and...
Price has been rejected at 32.50 looking on the 4 hr time line.
Price could drop to 32.46 and move up before falling
If we get volume, or/and due to the time of year when most are on a break, we could see a move to the upside and break the wedge.
But with volume low I think odds are we move down to the bottom of the wedge.
So we got rejected at 32:00 and we look to continue the downtrend to 24:45.
I will be slowly buying in and looking for evidence of a bottoming, (H&S, double bottom, adam & eve, etc )plus conformation of a new up trend, but i think we could see a more side ways moment as we dip into a great buy zone at 24:00 level.
It is possible to drop below that green support...
We have seen a nice slow steady drop to the major Green support line. No big dumps (yet).
So Volume is low and that's why we see a steady drop, looking at BTC we can see a large build up of Longs, so what can this mean? A big move coming up soon?
As its the weekend im expecting a possible move up to the box and then back down, but we could see a drop and then...
This chart chow the support and resistance lines for the pair LTC GBP. We do seem to be forming a double Bottom on the 60 min chart.
so were do we go from here, its been a slow decent to possible form a double bottom and not a fast drop, so its odds on a move up if there is volume, but volume has been so low of lates its very possible that we continue the trend...
We're exploring lows of 23rd October and possible range trading opportunities could arise with the following opportunties:
- Buy @37-37.20
- Sell @39.50
