#LTC / Daily Timeframe
LTC Respecting the uptrend line for 583 Days and will long LTC If we break the inclined trendline and the red Zone. We are already more than 50% Below the previous All-time high.
After a month long pump, An rising wedge is observed and breakout targets are given in the chart. An upward breakout will resume the Bull run and a lower breakdown will trigger me to sell all my alts... Remember an Rising wedge is a Bullish reversal pattern and it has a 80% Chance of breaking down...
Look at the bigger chart when the Social Media FOMOers see the 15 min charts... Planning to buy coins when BTC Revisit below 30.2k and swinging them up.
IMPORTANT NOTE : Instead of whining garbage in the comment section, Leave a valid statement why yo disapprove my analysis.
we've been moving in this channel since 2017 and everytime we break trendlines, We retest it and continue to fall further.. now the scenario looks similar and positions should be kept active with utmost care. Will History Repeat? Will we see 12k BTC To buy Alts at cheap rates?
P.S : I Personally want 12k btc so i can buy alts there to see 40-50x Profits :D
Not a fan of trading DXY index And others... the crypto field is scared about the rising Dollar index so i came here only to see a good short setup... TP looks perfect in the daily timeframe too...
MONEY PRINTER GO BRRRRRRRRRR