the .5 fib retracement from the larger bear market that begun in 2018 lines up nicely with the current retracement level of 1.618 of the sell off since June. LTC has already pumped close to the .382 in anticipation of the 1/2 ing event and now we have most definitely experienced buy the news & the sell the 1/2ing so I feel that LTC should make a...
notice the massive falling wedge and the bullish engulfing on the daily & now a new day has already started outside the wedge so unless this is a trap and we drop back into the wedge things could start popping off Fam
If you notice 2 falling wedges on the weekly led to a nice move up and a great opportunity to long. I am just kinda playing around here with this wave count but after the recent 1/2ing on LTC this market could easily double top at $184 IMO
I drew the pitchfork and believe that due to the bear div on vol and the high spike of selling when the market was actually going parabolic leads me to think TLT needs a cool off and will return to $132