Classic crypto Bart's Head pattern
"The reason for these sudden pumps and dumps is likely to burn margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders"
Where from here? we will ...
A classic pattern is formed, bull flag, the flag is breaked already, higher highs and highers lows are formed, MACD is bullish, trend is bullis, no fud, volume is rising...
Next resistance is at fib level 1.618, that coincide with few past resistances ($4.100)
It will do the job? It will respect the pattern?
Litecoin had a nice rally from 1st Jan this year (37%) and all signs told us that we will see more.
After the last rise from yesterday, there was a retracement to fibonacci level 23.6 ($38), and from there are two ways, another drop to the support line and a bounce or a rise to the resistance line and resistance level.
Anyway, any breakout will give us a better ...
"On Monday 7th January 2019 (10.00 UTC), Bitfinex will be offline between three to seven hours as we complete the final stage of our data migration to dedicated bare-metal servers, in a move designed to significantly enhance platform speed, security and performance."
This means some volatility, or that was happening when Bitmex was offline last time, or maybe ...
There are some zig zags, but no volume, neutral RSI zone, no spikes, no breakouts or even fails...nothing.
Will it break $4.000 or a fast drop to $3.800?
Soon the triangle will be closed...
So...up or down?
Litecoin was the '18 winner for biggest loser, but seems the good times are near, with all resistance lines broken, even some old ones, litecoin want to proove something, if it's not a trap it will be a nice rally.
Next resistance will be at $40, but if it will fall...it will be bad...
So...is it a really bullish?
This is my first idea, so be kind!
In trading are 3 possible ways, Up, Down and sideway, i draw support and resistance lines and it looks like a sideway is not going to happen.
Now is resting on the support line, but let's not forget about the hard fork, the volume is there...
So...what do you think? Up or down?