LTCUSD Don't sleep on harmonics. All targets hit on the first 3 patterns. 4th pattern is in play.
We are starting to get a tight squeeze between the 20 Week moving average and the upward resistance line! Heavy buy zone is around the .618 and .786 then retest upward resistance. Breaking the upward resistance will be huge for getting BTC above all moving averages. (We all know what happens after that #MOON)
Potential Buy Zone for LTC BTC holds above the 20 WEEK MA.
Potential buy zone if the 20 Week MA holds. (Pink bottom line)
BTCUSD I'm neutral on this b/c of the possible extended drop to to CME grap at $9600 to fill.
Here is some stats around the Holidays when buyers are most aggressive. As you can see labor day comes in 2nd. Buyers tend to buy within the week to hold long positions until the end of the year. On the daily Bitcoin is in a symmetrical triangle. Could we break to the upside leading up to Labor Day? Lets see how it all plays out. Holiday Buy two days...
We are in the exact same spot from back on January 20, 2020. Could be get the same bullish engulfing candles? The next 48 hours looking bullish.
Here is a great setup for LTC on the 4 hour chart. We had a similar breakout from the ascending triangle 10 days ago. We are in the same situation. Major resistance around the $63 area. RSI is exhausted. MACD is ready to flip. Confirmed double bottoms. Target is $75 if we get the same price action.
Here is a Bitcoin setup on the 4 hour chart. Could this be the spring to send us to $13,000. Let's see how it all plays out. We are currently in a falling wedge pattern. Hopefully we can get the reversal everyone has been waiting for to test 12k again.
Look for a reversal from this falling wedge. We need a daily close about 11.5K. Still very bullish! RSI indicators are exhausted. We could see some nice price action after close!
Litecoin is at a historical resistance area. $60-$63 is the area. If history repeats itself a 4th time we have had some big move off of this area. This is a great setup for our $80-$85 target in the coming weeks! Litecoin is also on a similar path from the 2018 and 2019 run ups.