LTC/USDT Diamond
Updated
So on LTC/USDT I have found a diamond. I have done a 2 part measurement of the legs, one of them is a $9.82 Move potential to the upside and downside but, the more local structure move is about a $3.10 dollar move. If you see my chart there is 2 green boxes and 2 red. The smaller boxes are technically your local foreseeable target 1's while the bigger boxes is your target 2's. $20 is not crazy.. for LTC/USDT these past weeks I know I will get some criticism because I'm using the legs and not the actual triangle, but that's the initial move because a diamond is really made out of.. (well usually I guess) 2 triangles. One like a wedge and the other to a squeeze and into an apex of some sort.
Basically the small boxes are measurement is for the triangle or squeezing structure (tbh I still used what I thought was an appropriate leg) I l already know it's a diamond so I found no point to be honest to measure the triangle part.. it's roughly identical in distance/range (IN THIS CASE) Then after the measurement of the legs come into play and what I would say is this.. If this plays out.. a lot of people are gonna be sad/pissed/frustrated and a lot of people are going to be ecstatic/happy/euphoric.
Long: T1: 84.87
T2: 91.43
Short T1: 78.59
T2: 72.01
Basically the small boxes are measurement is for the triangle or squeezing structure (tbh I still used what I thought was an appropriate leg) I l already know it's a diamond so I found no point to be honest to measure the triangle part.. it's roughly identical in distance/range (IN THIS CASE) Then after the measurement of the legs come into play and what I would say is this.. If this plays out.. a lot of people are gonna be sad/pissed/frustrated and a lot of people are going to be ecstatic/happy/euphoric.
Long: T1: 84.87
T2: 91.43
Short T1: 78.59
T2: 72.01
Note
Potential bullish "sign" on TTM Squeeze, for the 45 minute.
A squeeze has just started (technically an un confirmed squeeze) and looks like the TTM squeeze is curling up at the edge of the diamond. So far squeeze or not.. good sign for bulls in regards to the ttm for such a delicate area where with every candle we go to the right we would need less and less effort to break out. (Keep watch)
Note
Also... those black lines where drawn for the 50 minute so.. give me a break. (It doesn't exactly adapt well when changing time frames)Note
Keep in mind guys the TTM Squeeze is a lagging indicator, its not god... it can change at any moment... it just "looks good" for bulls at the moment don't get it twisted, I have an argument for the ttm squeeze on the weekly okay but.. this is the 45 minute. Just keep that in mind.Note
This squeeze that fired long is the culprit why we see a squeeze starting on the 45 minute on the TTM squeeze we have been squeezing and fired long on the 30 minute.
Note
The biggest bear squeeze I found is on the 15 minutes but let me tell you... When the histogram is shaky like this? This is a nail biter kind of squeeze. One moment its Short the other Long, I hate when these occur not because I'm long or anything but whenever these happen it's spooky as heck.
Note
It's the twilight zone of squeezesNote
GG Bois
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.