w38d00d

w38d00d

In previous charts I've shown 4 hour timescale support/resistance and Fibonnaci retracement levels. These provide me the "big picture" trends and levels. In uncertain times, I'm less likely to hold a position even overnight. I trade at significantly shorter timescales, scalps if you will. So, with the 4 hour trends and fib retracements still in place, let's...

w38d00d

I'm testing ideas for the possibiilty of an April bull run for BTC. Setup: Resistance drawn from the Dec 2017 ATH and support drawn from Feb 2018 low, Fibs based on those two points. Note support and resistance will converge on April 8th. By then, it's decision time. What's possible in this short window of time: A) We bounce off support at 7700 around May 29th...

w38d00d Updated 

On the 4 hour, LTC is being squeezed between the Resistence trend from Feb 19 high and the Fib 0.382 retracement level. The convergence of these two lines is on March 28. LTC has a couple of options: A) Break resistence and head towards Fib 0.5 at $176 B) Maintain resistence and drop through Fib 0.382 and heads towards Fib 0.236 at $136 At current $160 price we...