Ingemkts

Ingemkts

Key point: in this point there are many variables which suggest BTC is going down, BUT before continuing down It should touch 1627 point due to the last RSI bull div (strong oversold) and because 1627 is the 161.8%, namely the C wave before continuing down. The wave 12345 is not possible in this point because of measurements have not been fulfilled, therefore...

Ingemkts

1st possibility: The bat pattern suggests LTC must go to 15cny as minimum to fulfill the measurements, which could coincide with 11.27cny in the event that 19.2cny was the 4th wave, then it will make the 5th wave down. 2nd possibility: 16.7cny is a higher low, then it could go to break 20.9 at first. Note the RSI behavior

Ingemkts

1st possibility: it hits 1506 again and goes down, this would make a bear div with 1680 and the next target could be 1180 more or less. 2nd possibility: it drops but not beyond 1310, then up to 1650 more or less Time: this could happen in several days if the move continued sideways

Ingemkts

LTC in BTCE usually behaves according Okcoin and BTC, just a little bit more exaggerated at spikes.

Ingemkts

Downtrend if the count consists of a 3rd wave extension.

Ingemkts

The next move depends on this count and the BTC next move

Ingemkts

It seems this could be the continuation of the combined structure (3-3-3-3) and it could become a triple three structure (3-3-3-3-3-3)

Ingemkts

If this is a WXYZ pattern then it can't exceed the lower price reached on april 26 (1320$). If it exceeds 1320$ then it is probable we are into the 2nd scenario or the 1st one

Ingemkts

If this was a double three pattern (3-3-3-3) then it would have to make a final wave into the whole combined structure which BTC has been making since january 2015. The difference between this scenario and the 3rd one is that the 3rd scenario consists of a WXYZ pattern which couldn't exceed 1320$ to make finally the Z wave.

Ingemkts

This is my last scenario, this would be the end of a WXYZ pattern.

Ingemkts

In case this is the 5th wave of that fractal.

Ingemkts

3rd wave scenario

Ingemkts

If LTC is into 2nd wave then BTC would have to go up, but if LTC breaks down this strong resistance (day chart) BTC would probably continue down.

Ingemkts

If LTC is into 2nd wave then BTC would have to go up, but if LTC breaks down this strong resistance (day chart) BTC would probably continue down.

Ingemkts

...unless BTC goes up

Ingemkts

I think I was wrong with the counts. This is the fifth wave, 3.9 was the lower low for this wave. Look the correction below:

Ingemkts

finally It was the second scenario

Ingemkts

I think we can go higher in this wave. Then we will probably enter into 2nd wave (correction wave)