LTC/BTC *Chart Pattern Identified* descending Triangle = bullish
Updated
we have one more leg down I think.
we may not hit the .618 fib exact. so laddering would be ideal.
I will be posting updates and how to take this trade on my telegram channel. where members can view all my content 100% free and also get on demand analysis of their favorite coins. If you wan to join, just comment below :)
Im looking at the 1.0 Fib extension to kinda stay realistic, this coin is CRAZY bullish and MAY pass the 1.0 Fib.
but we will handle that when we get there.
Im seeing all of this as an impulse of 5 waves OR and ABC move up.
cant really tell yet, but one option is the Head and Shoulder Bottom, this MAY hint at a bear market bottom as it is a very common trend reversal pattern. But we wont be able to tell if we bottomed yet.
I hope this helps!
we may not hit the .618 fib exact. so laddering would be ideal.
I will be posting updates and how to take this trade on my telegram channel. where members can view all my content 100% free and also get on demand analysis of their favorite coins. If you wan to join, just comment below :)
Im looking at the 1.0 Fib extension to kinda stay realistic, this coin is CRAZY bullish and MAY pass the 1.0 Fib.
but we will handle that when we get there.
Im seeing all of this as an impulse of 5 waves OR and ABC move up.
cant really tell yet, but one option is the Head and Shoulder Bottom, this MAY hint at a bear market bottom as it is a very common trend reversal pattern. But we wont be able to tell if we bottomed yet.
I hope this helps!
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