LTC potential drop!!!
Updated
Hi, there.
I don’t want to scare you but I want to point out something. A guy said to me some days ago my analysis were wrong because only 1 of 11 posts I had published did what I said it was going to do. And it’s true!!! But hey, be patient and let’s see if I was truly wrong, since after some research and trying to know what went wrong, I discovered something. It’s quite scary, but at the same time, it’s good for people that wanted to see LTC at a very low price and buy.
I’ve checked the previous correction of LTC and I saw a similar corrective pattern. The fact is that when I drew the ABC some time ago, I didn’t expect the last pump, that also happened in the previous correction.
That said, and hope I’m not wrong predicting the huge drop, I live you the resemblance and where we are now.
From this point on, it falls down, and it will be some time soon.
I don’t want to scare you but I want to point out something. A guy said to me some days ago my analysis were wrong because only 1 of 11 posts I had published did what I said it was going to do. And it’s true!!! But hey, be patient and let’s see if I was truly wrong, since after some research and trying to know what went wrong, I discovered something. It’s quite scary, but at the same time, it’s good for people that wanted to see LTC at a very low price and buy.
I’ve checked the previous correction of LTC and I saw a similar corrective pattern. The fact is that when I drew the ABC some time ago, I didn’t expect the last pump, that also happened in the previous correction.
That said, and hope I’m not wrong predicting the huge drop, I live you the resemblance and where we are now.
From this point on, it falls down, and it will be some time soon.
Note
This is where we are now today.Note
I have to say this is just an idea, and I can be wrong. However, there are solid arguments to think it will happen again, since history repeats itself.Trade at your own risk. I’m not responsible of your actions.
Have a good day! :)
Note
To make it clear, the arguments I was talking about are that humans have similar behaviours currently and in the past. Our brain has evolved to behave this way every time. Greed/fear feelings have been developing in our brains for thousands of years, and it can’t change in some months. The brain triggers same reactions every time the price goes to a certain price. That’s why Fibonacci works properly. That said, when it goes down and touches the resistance line again, people will go like... what the hell? It doesn’t go up! It goes down!!! And they’ll start a massive dump.Just take a look at it and let’s see if it works as I said. Maybe I’m wrong, but who knows... there’s the possibility of behaving this way.
Note
Bearish divergence spotted. It will fall down.Note
The party is starting, guys. Coins falling down!Note
Still valid idea. It’s going down and it hasn’t touched the bottom yetThis bearish divergence wasn’t in fact a bearish divergence. I didn’t know what a divergence was.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.