Lorenz_Capital

Lorenz_Capital

We will find out soon if this breaks for a correction, or continues the trend higher - through the $1,000 psych level aligning with the 1.272% fib extension (previous high)

Lorenz_Capital

Volume confirms that this trend is in favour of a continuation. I am adding to my position here

Lorenz_Capital

This trend line has been respected time after time on this recent bull run, which tells me there are a lot of traders watching it, and as we know, that is what makes technical analysis real- For the first time the 1H candle closed below it, if the 4h candle follows suit - abandon ship

Lorenz_Capital

Here is what we have all been waiting for - the next up move in LTC. The upside break out of the triangle confirms the long-term trend line is still in tact. I love my job.

Lorenz_Capital

Indicators are in alignment

Lorenz_Capital

This chart is a thing of beauty for technical analysts - something big to happen in the next couple days - 23% Fib support + 50 MA should be enough to send price through wedge resistance. Stay tuned

Lorenz_Capital

The 1.272 fib extension coincides with the $500 psych level. It is still too early to tell, but if this breakout gathers enough steam - this is where our BCH is headed

Lorenz_Capital

Volume comes in at $4,000, buyers will take what they can get at this point.

Lorenz_Capital

I was hoping for a deeper pull-back here, but but there is a good chance that this might just be short breath before moving higher towards $350. I'm in with 1/2 normal risk.

Lorenz_Capital

It appears that the $3,500 level needs to be tested - I will be loading up on that day

Lorenz_Capital

new markets are hard to predict - either we will see a base build up around the 250 level then rally up from that support. on the contrary, if price breaks through $250, we are very likely to see lower lows around the 200 mark. not very helpful, i know, but in a few more days we should get a better picture.

Lorenz_Capital

Generally, I do see ETH taking out it's all time highs by the end of the year, however I closed my long position today. I had to lock in profits from the $200 level, couldn't let that get away- I want back in, but patience is a virtue.

Lorenz_Capital

Looks like we are about to see LTC fall through on a 15 min chart. However, zooming out to the 4h we can see that this there is still a longer - term up trend that is likely to hold. The cross- pair chart LTC/BTC can confirm that BTC is over-bought in comparison, and I suspect that as profit takers take money out of Bitcoin, it will be funneling into the oversold...

Lorenz_Capital

This is a 400% return for investors who bought at the top of the last high. Traders have to start locking in profits eventually.... right?