LTC formed a big consolidation pattern here - WXYXZ triple wave combo
Watch for a short near top - wait for impulse down and then correction if your conservative.
Watch for a short near top - wait for impulse down and then correction if your conservative.
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Looking very corrective here, another wave to around 67 is very likely. Note
Went deeper than I expected. Not sure if Z wave is complete here. If it isn't then we should see something like this -
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if the Z wave is complete then should see a deeper correction for nice short opportunity - no need to fomo for any position right now let the market reveal its hand.
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This is the first one to break down in my opinion. However this impulsive move down is coming towards an end. This structure is looking corrective so we may make another small leg down then expect a bigger correction however I don't think LTC will break the previous top. Note
Played out well. Shorted from the top. This is looking like completed 3 wave structure. Waiting for break down to re enter shorts.
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Breakdown on the 1hr. expect some consolidation and continuation to the downside. Note
Absolutely delightful short LTC has been. More downside to come.
Will be buyers in the low 40$ ranges for relief rally.
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Not much happened. I believe this the large correction making the larger degree X wave. I think it will either be running flat or expanding flat in the making and currently we are in the B wave of this large flat structure.Will be looking to close my shorts on the retest of the bottom of the range and start looking for long setups to the top of the range for the completion of this large flat pattern we are currently in.
twitter.com/kryptowavetradr/status/1055831979663405057
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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.