Okay it's nice to get some relief but that's all that it is. If you don't trade you better have a great mentality for the next 1-2 years. However there is plenty of money to be made off of swings. Good luck and hope all is well!!!
Wave 3 hit the 1.618 (BLACK) on the nose. If wave 4 hits the 0.382 retracement (RED) of 4800 then we will see 2300 after that. if we get up to the 0.618 retracement (RED) of 5781 then we should double bottom around 3200. Stay safe and good luck!
Weekly just closed and there are a couple of things I want to point out.
1) Last 2 times stock RSI was this low was the last to uptrends we had.
2) Bullish divergence with lower lows on price but higher lows on OBV.
I expect a bounce here with BTC at least in the mid term and long term is yet to be determined.
LTC looks to have some bullish divergence on the daily as the OBV is putting in higher lows while the price is putting in lower lows.
Needs to get back above $101 as quickly as possible but with us being at the bottom of the BB and the bullish divergence I could see this bouncing from here.
Also still a lot of day left but trying to put in a hammer on the daily!