We may likely continue with upward pressure till this weekend or Monday to my 61.8% FIB at $6,149.32. I'm currently seeing our upward pressure potentially coming to exhaustion on or around May 12, 2019. Then I'm expecting us to fall down to one of the black diagonal lines mentioned in this video to $5,522 or to $5,289 before upward pressure begins once again in...
I anticipate we TEST $6,149 by May 8th or 9th; then some shorts MIGHT kick in to send us back down no lower than $5,423 in my opinion. Then we likely stay sideways until the third or fourth week of May; possibly the first week of June, 2019; where we begin our LiteCoin Block Halving Pump. to either $7,820 or $9,222. We should then consolidate to find $5,500 to...
Simply posting another CHART publication to look back for future reference.
Made a couple of revisions from previous publication (linked below). Stay Awesome! ; )
Posting Chart Again in case Trading View's Platform Scrunches up my chart.
If drop on May 7th, we could have a lower top than previous top. If a higher top than previous, we may not consolidate until some time around May 11th.
I also pointed out in the video around what price range we could anticipate the price drop to potentially come down to. I'm also anticipating a pump to BEGIN around the last week of May or first week of June for the LiteCoin Block Halving; which occurs the last week of July or first week of August. The price action may likely go up no higher than the very small...
I was previously doing TA using ADAUSD BINANCE (Converted into USD by TradingView). Today, the price for that chart did not continue down along with the actual price for USD and other stable coins. So, I had to switch tickers for a while until TradingView fixes that issue. I have submitted a report ticket for them to have a look and hopefully fix it.
It's possible they could be making a head & shoulders pattern in an attempt to fool everyone into thinking we will dump seriously down to $4,250 or lower. However, they may use that pattern to their advantage and still dump it a bit; but maybe only down to around $4,900 before beginning a pump for the LiteCoin block halving. I may follow up with another chart...
I'm working on another video publication with focus on lower time frames. I wanted to look at higher time frames FIRST to get an idea of what's going on before looking at lower time frames.
We may continue sideways within a relatively tight trading range until the last week of May to first week of June without taking a significant drop down. I laid out my argument for this potential scenario in the video. We COULD possibly have a shakeout (bear trap) the last week of May, 2019 just before going up HARD the first week of June. However, it depends...
Next video will cover the chart below. I'm going to work on that video now.
Posting this chart to click "Play" on in the future to see how this pans out with the indicators. I'll follow up with a video publication after I eat something.
We should anticipate a bit more downward pressure for a while till the Red RSI comes down a bit more in this 4-Day TF.
I'm following up with a video publication within an hour after this post for further explanation.
Note the Phoenix Ari 1.07 sitting at 0.57 (57%) on Bitstamp (left) and sitting at 1.0 (100%) on Bitfinex (right). I may need to follow up with another video publication comparing multiple time frames between different exchanges.
The difference between margin shorts and longs contracts on BitFinex is massive. Looks like we could possibly see another push upward in the price action on or around April 29, 2019; as pointed out in this video publication with the ENERGY in the 2-Day TF nearing exhaustion and possibly about to turn back up. In which case, the Green Line will turn back up with...
I'll get a bit more in depth in regard to possible future movement of the price action in the next video I'm about to work on shortly after posting this video publication. The main reason for this multi-chart with multiple time frames was to see where we stand currently with mainly the higher time frames to try to get an idea on how much more time we will...