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Figured i'd share.. has been following the trace all week.. I've been using it as a treasure map. I'm not saying it will continue to follow, but until it deviates away from it, I've got no reason not to trust it...
The geometry is clicking.. I'm going short.
This potentially sets us up with a big H/S that if broken could send us back down to sub 2K.. Not going to happen overnight.. next week or two should be interesting.
Litecoin may seem a little weak right now and this could be the reason why.
If you still have them you may just want to hold at this point because when it starts the next impulse wave its going to move up fast.
Litcoin has developed an inverse relationship to BTCUSD over the last few days so we will see if it stays or flops back to following.
I think that we will revisit $2600 or possibly lower in the next day here.. I'm still amazed we are going up.. will we break the ATH again?
Not going to lie, I've been missing out on some of the rises because deep down inside I keep thinking we are going to see $1300-$1600.
Using the bar pattern from the 2 previous dumps, it appears to be repeating the cycle again.. I normally don't put too much faith in this method, although I've been trading off it for the last day and have been quite happy..
I still think we are in for a dip soon so I wouldn't go crazy following this chart.