We finally broke loose of that downward trendline - uncanny how close the time cycle is from the first bull run, and the bear market that followed. I fell confident now to put funds back into these alt markets... without having to watch the price action every 15 minutes. Alt winter is over! see you in the bahamas
we see a break, and re-test of the wedge breakout, great time to add to the position - very bullish, especially considering this rally is pre - b2x. I like my chances
This just looks too nice not to publish - here's my prediction
Litecoin loves to honor the wedge pattern breakout. i was not expecting t he move to play out until after B2x, but it is understandable - this 14% move beats the 10% dividend yield for holding bitcoin - opportunity cost of capital -- we could start to see moves like this play out across the alts as the first movers are sniping this trade - Expect BTC to take a...
After the B2X fork...I will be moving into this ripple trade :)
here is what I see playing out... When the B2X snapshot takes place and everyone gets their bitcoin dividend - there will be a huge bitcoin sell-off and all of this money will flow back into the alts- XRP being among the favorites, which could be enough to propel price right through $0.30 resistance - if so we will see the $0.50 mark breached shortly after. IMHO of course.
we just made a leap out of the old channel - now we are set tho trend in a new channel- one that sends us to 10k by the end of the year. crazy I know... maybe i am a little crazy.
Litecoin is being squeezed into a descending wedge - an all too familiar pattern for this beauty of a crypto.. we have bet long on these cross road moments every time, so far proving 80% success rate - let's see if it doesn't disappoint this time around.
It looks like we are about to see a new channel open up. This would be an epic move for the long-term performance of BTC. This move would define the term "off the charts" and could be enough to send BTC to parabolic levels in a very short time-period. Fkn a told you so boys.
this is what I expect to happen in the coming weeks. this pattern would look very similar to the initial breakout only 10x larger.
BTC is just barely holding onto the 1.272% extension - hit major daily channel resistance (dashed red line) - should send it back down to 5500 at least - if this breaks then we could get another shot at 5200 -5000. I am praying for another buying opportunity at these levels and you should be too
Liking the looks of this setup - lots of money to be made here
I see this path being most likely. Watch for a long weekend- late friday sell - off (similar to the august sell -off) but less intense. I would love to see a wedge form as i have drawn out here - that would be a thing of beauty for technical analysts.If we see an upside break out of the yellow triangle - we will be retesting 5000 sooner then i...
Depending on what happens to BTC/USD, this is what we see the most likely outcome for LTC for the near - future.
The trend line break suggests we will come back down to retest the 161% level from previous high - supported by new trendline support. Buy orders placed in this green box. - breakout of the red down arrow will signal the push to $7200
Adding to the position for the remaining 15% of this trade. Trade setup provided for: Nexgen Capital - Investment Club nexgen.investorsgroup@gmail.com
Great risk/reward opportunity here - this BTC/USD momentum is heating up, here is a nice look at how the hourly chart is shaping up. Very bullish - new highs are on the horizon. Trade setup provided for Nexgen Investment Club nexgen.investorsgroup@gmail.com
we have been watching this develop for quite sometime now - now really close to pulling the trigger keep tight stop losses on this one. We will be starting with 1/4 normal risk to compensate for the extreme volatility.