SuperJ163

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Top Mentioned Symbols
POLONIEX:LTCBTC 50% | 4 BTCE:LTCBTC 25% | 2 BTCCNY 12% | 1 FCTBTC 12% | 1
SuperJ163 SuperJ163 LTCBTC, D, Long
LTCBTC: Litecoin about to break out
157 0 0
LTCBTC, D Long
Litecoin about to break out

Quite a beautiful falling wedge we got here. Look how the support line corresponds with old resistance lines back in June, July and August.

SuperJ163 SuperJ163 LTCBTC, 60, Long
LTCBTC: Litecoin ready to soar. Watch what happens at end of formation
128 0 1
LTCBTC, 60 Long
Litecoin ready to soar. Watch what happens at end of formation

Maybe a little too many lines but I think the chart is pretty self explanatory. The recent red candles with high volumes have pent up a lot of energy. Which will need to be expressed. In all likelyhood too the upside!

SuperJ163 SuperJ163 LTCBTC, 60, Long
LTCBTC: Pennant forming in LTCBTC
136 0 3
LTCBTC, 60 Long
Pennant forming in LTCBTC

After the break out we now have the retracement. In this case it's in the shape of a pennant, a very reliable continuation pattern indicating that the way up isn't over by any means. Resistance at 0.0067 will probably be broken within a day or two.

SuperJ163 SuperJ163 FCTBTC, 60, Short
FCTBTC: Factom will be interesting, but not yet.
60 0 1
FCTBTC, 60 Short
Factom will be interesting, but not yet.

Looks like Factom needs some more time basing after dropping out of the symmetrical triangle formation. Will go lower (at least 0.00187, perhaps lower even) before it goes higher.

SuperJ163 SuperJ163 LTCBTC, 60, Long
LTCBTC: Looks like a breakout in progress!
92 0 3
LTCBTC, 60 Long
Looks like a breakout in progress!

The falling wedge that's been in progress forever just broke out on the hourly. Same for the resistance at .0064, LTC/BTC going a lot higher in the coming days.

SuperJ163 SuperJ163 LTCBTC, 240, Long
LTCBTC: Falling wedge in LTC/BTC looking increasingly interesting
251 1 3
LTCBTC, 240 Long
Falling wedge in LTC/BTC looking increasingly interesting

This falling wedge is looking increasingly bullish. Will probably break out this weekend.

SuperJ163 SuperJ163 LTCBTC, 60, Long
LTCBTC: Interesting basing pattern forming in Litecoin
84 1 2
LTCBTC, 60 Long
Interesting basing pattern forming in Litecoin

Litecoin dropped sharpley vs Bitcoin with the Brexit vote. Combined with the good technical picture vs fiat and the yuan downslide this is looking quite interesting.

SuperJ163 SuperJ163 BTCCNY, D, Long
BTCCNY: Triangle forming in $BTC , looks bullish
208 0 2
BTCCNY, D Long
Triangle forming in $BTC , looks bullish

A triangle is a well known pattern. More often than not it is a continuation pattern which would seem logical in this case. Falling volume while nearing the apex confirms. Fundamentals would also justify a bullish position, turmoil on the currency markets isn't over yet (look at Brazilian Real for example) and leads people towards Bitcoin.

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