thetrueduane75

thetrueduane75 Updated 

I always like to make 2 scenarios for my predictions.I see the market opening near the 2 support lines. between those 2 lines is the range of support. If it breaks below it will fall to the next support line. Although I see the SPY going up 2% and retesting the upward trend line. Be sure to set careful stops and do your own DD. New to the stock world from Crypto...

thetrueduane75

What can I say Litecoin appears to be exactly where it was only a few months ago. I've had to watch from the sidelines mostly as personal life is always a priority. In the near term we are seeing what appears to be a bull flag sending us out of the rut of 117 area, into 120 and hopefully above. I feel this will be short lived and only last for a day or 2. I expect...

thetrueduane75

Just wanted to make a quick update on a previous post. I proposed a possible consolidation back to 137 for a short time. The support at 145 held and did not break, which is great. We are however having trouble breaking the $150 mark (A wick hit 152 earlier). I would like to point to the multi channel support lines I've drawn. Some are now resistances, but we are...

thetrueduane75

We are finally in the bullrun of crypto again! We found the E point and are in an ascending channel. For some long term analysis I would like to repeat I am bullish on litecoin continuing its climb upward, and am expecting some pullback once $180 is hit. Near the middle moving average on the daily. For the short term single night I believe we are already seeing...

thetrueduane75 Updated 

I'm back after viewing a very boring channel with no end in sight! The previous jump we saw to 130, has formed a downward trend line which is soon to break in the early morning tomorrow. Litecoin is hugging the 114 line for dear life, but we've seen a large green volume bar, and a small pendent flag that coincides with the down trend nicely. This leads me to...

thetrueduane75

Asia and midnight traders strike again! After hanging above the 120 line for about an hour, the bears in the asian market grabbed profits and left the bulls to pick up the pieces once again. We are still waiting for the E point we need to meet the finale of the Elliot wave. Hopefully this was not it. The supports and resistances remain the same, With the fib...

thetrueduane75 Updated 

I'm back after a short sabbatical, for some analysis. I did try to make a mid-week analysis on Wednesday, But I felt the market at the time was far to volatile for me to make an accurate educated guess. But you can see the analysis from that time. And as I guessed the 113 support line was broken after it's fourth retest. As a glutton for punishment i'm still...

thetrueduane75

Around 12:30AM eastern, litecoin finally broke above the range movement it was stuck in for almost 3 days. It has surpassed the Middle moving average on the 1 hour chart and is holding very well. The majority of the steep "bear" like trendlines are behind the current price. At this point we can only watch for the next high to hit somewhere around 124$. But proceed...

thetrueduane75

Welcome back! A few of you agreed with my analysis from last night, and I thought I would give it another whirl. Not sure why crypto likes to move so much in the early hours of the morning (-5 EST), But it does probably due to the Asian investors/Traders taking over at that time. For today it took a large swing up and after breaking through some small resistance...

thetrueduane75

Just putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings...