The grid that I drew in April still holds. The current price action looks similar to that on the 26th of May. Maybe we can have a repeat of that fractal or a continuation down. Must watch for divergences for clues.
Last week closed on a perfected TD 9 (close higher than the previous week) and this week is closing with the start of a downward TD sequence. Not only that but there is bearish engulfing candle that covers last week's candle. Furthermore there is a weekly bearish divergence and price is about to cross the midterm trendline that held price since mid March.
Still on the path I drew in my last idea but taking longer and volume dropping even more.
The old Ats are dormant while new alts have Xed many time. LTC market cap is down to a 3rd of its all time high. It seems that the old Alts are in trouble and some new Alts like Tezos, Theta and Zilliqa can takeover their dominance. Technically, LTC is in a falling wedge within it a descending channel. Price is squeezed by the 100 daily ema and support and will...
And now supported by the 4H 200ema and the descending channel.
Breakdown from the March ascending channel. One and a half hour till daily close outside the channel. Meanwhile BTC dominance is increasing. If you are in Alts take profit now.
But was supported by the rising wedge (red). Retest of 9450 expected and if that break 9950. Overall, Rising wedge is a bearish pattern. If the week ends at around this level, a red 1 will be printed on the weekly TD count.
This is the third fakeout over the 9950 resistance. But this time price broke down from the rising channel. This can signify a change in trend downward. Expect a retest of 9950 resistance.
And is in ascending channel. First target is around 10.5k. Second target is at channel resistance 11.6k.
It is over the 4H ichimoku cloud in an ascending triangle pattern. In case it breakout upward, it can jump to 10.6k-10.7k for a short stop hunt and on retail fomo. at 10.5k there is a massive sell walls and most short stops will be behind it. But price action is in a bigger ending diagonal/rising wedge pattern and will print a bearish divergence on the 4H RSI if...
760% gain since March, If tomorrow daily close is below 0.027 then it topped. A close below 0.027 will add another bearish divergence on the RSI. If it goes above 0.02931 next target is 25% higher at 0.03679. Take profit people.
Breakout from upper Bollinger band followed by a V shaped recovery and bearish divergences on the weekly with drop in volume. "This is a Head Fake at the upper Bollinger Band for $btcusd, time to be cautious or short." -John Bollinger creator of the Bollinger band tweeted on June 3rd 2020
When monthly CPR tightens it is usually followed by long sustained and volatile moves. Tight CPR is similar to tightening of candles and minimas in BVOL, in that they are all indicative of explosive moves afterwards. The moves can be up or down, or event just high volatility moves centered around the CPR as in the 2019 ATH.
LTC trying hard to go over the BB median and the daily 200 ema but twice rejected. Looks like a couple more weeks of consolidation and then a drop to the falling channel's support. In the unlikely case it breaks over the BB median there is the falling channel resistance, BB top and the ichimoku cloud that will stop further upward movement. Unless we see a surge...
In a rising wedge ending diagonal pattern which, is bearish, and bounced of the wedge support. There is very heavy resistance from a massive sell wall at 10K. Beyond that is 10.4k. There are bearish divergences on the lower time frames so I expect that price action reverse direction after it hit resistances. Price action failed to drop below 9425 which would have...
the latest pump closed the CME gap opened on Friday. Although the pump is bullish in nature, closing the cme gap is bearish because it allows price to drop without prices returning to these levels. The break out from the previous triangle was not great, the volatility surge low, which suggests further consolidation in the current triangle.
Candles are getting tight and volatility dropping. Move maybe after daily close. Bias is down.