nagihatoum

nagihatoum

On the surface, things look good for bulls, a major pump today. But look carefully, it was just retesting a major support now turned resistance and the daily candle seems like it will be rejected. 2 more hours and rejection is confirmed. A lot of other bearish signs, mainly now there is a big bearish divergence on the lower time frames, still under the 200ma down...

nagihatoum

broke out of channel but formed a broadening falling wedge. A lot of mini pumps, but not impressed, still in the same trading range since the 16th. this trading range formed a bear a pennant. Bolinger bands getting tight. Longing here is inadvisable. Potential to drop to $49 very likely. Potential target $45, bear pennant target.

nagihatoum

The BTC to LTC is in a rising wedge and might head to the lower range. I don t expect Alts rising for at least 2 weeks. There is no bottoming pattern in both BTC and Alts. A drop in the BTC to LTC ratio does not signify a rise in LTC just that LTC drops less in dumps and pumps harder than BTC. But this idea contradicts my other idea on LTCBTC, the inverse BTC to...

nagihatoum

It retested the channel trendline and was clearly rejected. Heading down to $7700. I am surprised that the curve is still being obeyed, Quite often curves are broken and don't last long. If this curve is broken, the price action will still go down. All the indicators are very bearish and there is no sign of change in trend. I wont be surprised if get a 1K dump...

nagihatoum

Target roughly $49

nagihatoum Updated 

And RSI retested the rising wedge support and was rejected. Target of H&S is $52.

nagihatoum Updated 

Three exponential decays in money supply preceded by pumps in all of its history. And the peaks are also exponentially decaying. It is like radio active waste that gets recharged by fiendish wall street algo bots. If tradingview had curve fitting functions we can get a more precise picture of timing, peaks and bottoms. I am just posting this, because of all the...

nagihatoum

LTCBTC was rejected by the 200 ema on the 4hrs and broke support of its bear flag. Bear flag target is 5300 mBTC. 5300 mBTC is special because it is a support point of singular immense wick on the 5th of December 2017, see older idea,, it will also complete a perfect bullish shark that started in January.. I was hoping that price action will stay within the...

nagihatoum Updated 

BTC is within a triangle (purple) that's within a bigger triangle (black). The highest probable action is another dip to 9.5k then a pump to 12.5k which is the target of the breakout from the purple triangle. A dip will reinforce the current bullish divergence on the MACD.

nagihatoum

Lost support of the 50 MA, brokedown from small bear flag, Now breaking below large channel. If 4hr closes below channel, this is heading below $50 to make a bullish divergence on the RSI at around 13. support at around $53 will break, it has been tested many times.

nagihatoum

Every timeframe under the 200 ema, its so sad.

nagihatoum

I have drawn all possible short term moves. A retest of the RSI wedge is possible which corresponds to price rising to the top of the channel in the price action forming a bearish divergence with previous high and falling back down again. Otherwise price will fall to the target of the rising channel break out at $51, and i believe this a minimum. It would be more...

nagihatoum

The rejection wick yesterday hints that we are within a falling wedge as well and support is below $8000. A lot of bearish signs.

nagihatoum

I noticed a repeating pattern with many similarities. If this fractal plays out it points to 18K. but again take fractals lightly, their is no rules to using them and can reinforce analysts confirmation bias.

nagihatoum

Can break out to the upside, and now touching the support of the rising channel. Bias long, but if it drops below channel support, it will can go to 6300 mBTC.

nagihatoum

After piercing through major resistance yesterday and closing above channel, LTC fell back under resistance and back in channel. Now it is supported by the 20 ema on the 4hrs. Again the decision lies with BTC, if BTC rallies, LTC will rally and the opposite is true. I have drawn all possible paths. I expect that LTC will test the 200 ma on the 4hrs which...

nagihatoum

But apparently it is inside an ascending channel. All possible paths I have drawn. My guess is we stay withing the channel and move up slowly. RSI have room for up. This will suggest that LTCUSD will outperform BTC slightly. In pumps it will pump more and in dumps it will dump less than BTC. Also BTC recent pump didn't push down LTCBTC like in the past, suggesting...

nagihatoum

Possible moves suggested, but again all depends on what BTC decides to do. I am guessing we will go back down again since all moving averages are weighting down on LTC.