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What if Bitcoin is destined to follow a consolidation price in pink? What if that's the answer we are looking for?
The hype of 2017 has to be excluded from this... but what if we make it where BTC went to 10K and then back down. Would ABCDE match? So far it has. The real question is... is this triangle here the one we would be working with had Bitcoin not gone to...
BITCOIN $5000 Possible Track. Without panic, we will not have a big drop... we should pivot to the right and if we hit the mega resistance at 9500USD it will reject harder and into the 5K Zones should panic start.
This chart is for publishing purposes only.
Price action goes up from the left and down into this wedge and normal TA expects it to flow north from this wedge. I have the main dip here as the actual main dip but after that phase, we have the price staying in this wedge the entire time.
Will be interesting to see as we are at this time in an inclined symmetrical triangle.
Bitcoin is here right now... it can move sideways into the heavy resistance this month and give us glory... or it will move down out of this pennant and go into the bad zones. Regardless. This is reality of BTC.
Formed a VERY noticeable BULL FLAG. You can see target is 0.03BTC. Last tmie Bitcoin was just under 10K LTC had a ratio of around 0.005. Right now LTC/BTC is 0.019. That is over THREE TIMES STRONGER than last year.
Bitcoin is being trailed by LTC. Lets see how this will go.
FINALLY. I am actually beginning to see what $LTC is up to. I believe this sharp drop is the first leg down on a giant Triangle. Similar to $ETH path of 2017 in style but double in price. RT/SHARE/LIKE! This is what I believe is the most probable Litecoin path. 600-650/LTC Summer 2018
We now have a confirmed locked in ascending triangle lasting nearly 10 days. This has held up all month long and should this break, we will be headed to 0.03 BTC.
Math Breakdown on BTC prices and LTC
BTC/ 20,000 = 600 LTC
BTC/22,000 = 660 LTC
BTC/25,000 = 750 LTC
Now we wait and see how this plays out. Lets do it!
Litecoin will take either of these paths. There is no real way to know what it will take but 66% of this pattern is a bear pattern while 33% breaks to the upper side... the odds are showing 2/3 this will drop to the green mega support.
Just press play hourly to see how this plays out for you. Happy Trading.
It is what it is. Hype is over, and we saw what can happen on a super rally. Anything else is just moot at the moment. Correction in play. May bounce, may not. If it goes under the red arrow where the pink line is... sell it all.
IOTA is still moving along and is just about to get to $5.
If this happens, the end December target will be in the
yellow and green zones.
I even see a possible PINK ZONE (Hyper parabolic IOTA)
The green zone is the absolute highest support IOTA
must take for a nice $7.5 IOTA end of month show.
Yellow = $10
Pink = 15
We either follow the pink handle or the red big handle. Clearly we have a cup here that might need a handle. How big of a handle? Your guess is as good as mine.
Given the market confidence, i'd say a smaller handle.
As the chart describes, this is how I see it. I do believe we will not take the old path. We are now in the Yellow and Green zones. Press play monthly to enjoy the forecast and watch Litecoin create it's path for you!