i was looking for an entry on 4 hour time frame.
EMA cross was a bullish catalyst.
the back test was the confirmation needed.
it pulled back through the 12 into the 26 which was alittle weaker than i would have liked.
still i put my entry just below the 12 expecting a wick down. waiting for a test of 11k. might sell before incase we top and pull back.
Litecoin on the daily. Looks to be forming similar cup and handle as we saw on the last all time high
re-tracements were almost perfectly 1/3 of total move. on current all time high move the retrace also puts it back at a very strong support line down by 82.50
this possibly could coincide with a bitcoin rejection of all time high(10k) which retraces and pulls...
Setting up for a 9 on the daily which has been a good indication of pull back although not sure how much. (usually 1-4 candles)
using the rotation zone on the 8ema as a guide to confirm another possibility of pull back
TD 9 indicator has been working for bitcoin well, as shown besides unforeseen news(china ban).
if we hit a 9 today 11/5/17 then sell off for a day 11/6/17 (1-4 days usually but bitcoin has been super bullish so 1 day correction is plausible) it would put us close to another 9 days of upside for another 9 sell exactly on November 15th if that is the day the hard...