LTC was develpped in October 2011 by Charlie Lee. It has since fallen from being a top 5 market cap coin to 12th.
Even though this coin has been in a dominance downtrend for the last 5+ years, its fundamental tech has continued to improve, due to the severe lack of news surrounding this coin I truly believe this could be a major competitor for a major future...
Opportune buying zone for the medium + long term BTC trend direction.
Personal algos are giving the green to buy once a bounce breaking downwards resistance is confirmed on volume.
TA looking good on all timeframes above daily.
This should be a buy and hold for atleast 2-3 weeks.
If in alts keep an eye on BTC.D downwards movement. DXY and fed announcements...
Have not posted/updated an idea in a while, this is a long scalp I decided to initiate. Its mainly based off simple long term trendlines rather than technical indicators and advanced fundamental analysis. Indicators do look good for the upside.
Risk:Reward = ~1:2 (low risk)
Back in the support zone for BTC - this is where whales are buying up coins to re-enter the range. Will be looking for long positions around this zone. Any high volume downwards movements or a break below 30'000 should be seen as very risky. Looking for 41'000+ within the following weeks.
Furthermore, I see BTC.D falling further and continuing the longterm...
Playing off the loing term monthly bullish trend (moving averages), daily chart showing bullish movements very soon, we will see atleast 38'000 - then consilidation period before potential further movement upto 42'000. This requires high volume . This is a combination of wave theory, trend analysis, stochastics, moving averages, fundamentals, SAR and various other...
Recently the upwards impulses from BTC .D have been met with ever increasing downwards momemtum resulting in a slumping action. This is usually a typical bearish indication of reduced momentum. I suspect BTC will start losing dominance to alts once it reaches the strong resistance zone indicated by the white box. Take this into consideration when placing long...
BTC dominance has recently skyrocketed sending money out of the alts and into BTC . While BTC strength has outperformed the overall market, its price has stayed relatively neutral the past week (bottom graph). Based off the fact TA and FA is predicting an upwards BTC move to $40k+ (part of my strategy), it would not be unlikely too see a loss in strength from BTC...
BTC is nearing critical levels where there should be strong support. Buy levels around 34'000 (yellow ring). Based off trend and wave analysis we should atleast see a rebound upto 40-45k within the next few weeks before potentially making new yearly lows, or if volume is high enough potentially new ATH. 34'000 is very undervalued for BTC short term thus we should...
after being long from 8k and taking out positions every 2k i believe btc has reached its peak and will collapse down to more sustainable levels (no positions) - this would be supported by the current fragile global economy and worldwide fincncial retracement that is required to happen
looking for LONG POSITIONS , take small positions with tight SL after conformations, potential to head down to 132.4 (if break trend short, careful of false breakout), if it breaks downwards bearish trend around 135 look for further longs to 138.
looking for long setups on AC (and AU) based on wave analysis, potential to go down to ~0.907 levels but unlikely
only buying once technical confirmations are met , looking for 0.94 levels for partial TP and potential breakout of bearish trend
looking for buy setups , potential to fall to ~1.235 level so be cautious - wait for confirmation s (stoch breakup/MA crossover/trendline breakout), if these are not met then sell
mainly based off wave analysis, looking for 1.275 tp
LONG - long then short, maket structure/confluence/fundimentals/TA, down to golden fib after (last post was test pls ignore)
- careful at 1426 area, strong res, potential short from there wait for conf