croleyjon

croleyjon Updated 

Well I have not posted much on LTC because nothing work while to report until now. LTC is having a hard time deciding where it wants to go. Right now we have a 2 possible patterns forming: a H&S or an ascending triangle. I personally think we will is a breakout in the next 3 days. Now up or down is the question. If we break down it will be a serious selloff as...

croleyjon Updated 

In my previous chart I made a bold statement that it would not drop below 115. It dropped to 115.11. We are currently playing around a key launch area around the low 120's. There are some price points we have to meet in order for the 115 call to be validated. LTC has to push past 133 and then march up 140 and close bullish. If it does not do this then, I firmly...

croleyjon Updated 

There are a ton of lines on this chart. We are still in a downtrend from the height of 182. At this point in time, I am paying attention to price action. If I had played the 182 a little smarter I would have went long at the 129 level like we saw many people do today. The trend is your friend. I am looking at the 123-117 to offer a significant bounce, but if this...

croleyjon Updated 

I want to be a bull, wait I am a hyena... I decided to play with a knew technique I am learning. I removed a lot of the other stuff that it took to get to this point to show the end result. If this occurs I will be amazed. I made my sells at 167 and buys at 162. Not financial advice, just opinion.

croleyjon Updated 

Good evening, So, LTC is in the middle of a retrace. I have redrawn my support and resistance lines but do you know what I forgot. To put my SL at the new level so I got SL out at 167. You live and learn. At this point in time even with LTC dropping to 165 I do not think that is a deep enough drop. So, it needs to test my last line of support or go sideways...

croleyjon

Good morning, If you have been in the game since 114 you have netted a 60% gain. This is more than my 401k has given me in 7 years! As, I have said in previous charts my hope was 184. Right now we are at 180ish. This ride will come to an end and I can see a retrace to the 160's. Right now it is all profit for me so, I am just stepping my SL up as we break new...

croleyjon Updated 

I am the master of the universe......As I concluded on my previous LTC Chart I stated we could see the 120's if LTC closed below 143 with purpose (I don't think I used closed though). It wicked and that is about all. Right now, I am watch for a move that indicated we are moving to the 180's. If we are then, we will have 1 stop along the way. I am not really sure...

croleyjon Updated 

So, I have been quiet, primarily because there has not been anything to really comment on, as I watch LTC. I am playing this dip as I think it has the potential to go.... to the 120's.... but first it has to close below 143 with purpose. You will see a lot of people saying this is the end and we are going to 92, 80, and 50 usd. We shall see. LTC at this time did...

croleyjon Updated 

I believe we are nearing a critical time in this move for LTC. More to come I wanted to get this up to report on later. Not advice, just my opinion.

croleyjon Updated 

If you have been in this ride since 114 congrats! Looks like we are having some upward movement on the 4HR. I am still thinking we still have some downside in the future. Right now enjoy the ride! Not advice, just my pinion.

croleyjon Updated 

Long time no see. Honestly, LTC confused the heck out of me. It dropped to the 141.10. This did not surprise me , but the price action after that confused me a little and made me think it would drop to the 130's. Well it did not. At this point in time it does not look like this is the moon. I do think it is the start of some massive move later. I personally...

croleyjon Updated 

What a BTC post?!?!?! Why? The bottom line is BTC is flirting with the 55 EMA and if we do not have volume we will see some downside. No, I do not think we will see 3-4k, but it is important for a close above the 55 EMA at some point. Maybe we go sideways and weaken the resistance. If I have done my GANN bot properly we are coming to a major decision point for...

croleyjon Updated 

You know my favorite thing about big picture stuff; it is up or down. To summarize this quickly; breakout. We still have a potential to break down or up with this triangle but since the prevailing trend was up I am leaning that we continue that way. Is the bottom in? Beats me, somewhere above Zero. What is the top? Beats me, somewhere above Zero. Not advise,...

croleyjon Updated 

LTC had a nice bounce off the vertical and horizontal .5 angles and looks like we might close above the 137 price line. We have had 4 months of bear dominance. The bulls are making their presence known in a steady and strong fashion versus the other pumps we have had. I am watching LTC for 3 peaks and a breakout. I am probably wrong, but I am looking for the...

croleyjon

Wanted to post this before I headed to bed to say that this is a key point. GANN put a lot of emphasis on .50 and as you can see we are at that point since the most recent low and we are on the 1/1. It is at this point that the side that wants it the most will show up and it will be a significant move in their favor. I am leaning more towards up as we have the...

croleyjon Updated 

So a quick update before I travel home for the day. The EMAs are flipping and as you can see at 12:00 est the candle tested and bounced off the 55 EMA. For me, that is enough to say buy, but if you want to wait for more confirmation you can and should manage your risk in the way that makes to you feel comfortable! But this move is not the same as the one on ...

croleyjon Updated 

Still very much in bull mode. I personally took a little profit as I have been burned before by not managing my risk. I just want to emphasize that we will be do for a correction when the wave completes. When and how much is anyone's guess. I am not a pro at Elliot Waves. Just to much guess work and really easy to get wrong without experience. So, I am not even...

croleyjon Updated 

Quick update do not panic sell this is a retrace! I am fully expecting it to bounce off the .618. If you are looking to sell wait for better signals. I do expect another drop before the major bull run for the year but today is not the day.