Ethereum about to blow off towards $2,760 Short-termHello All,
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is a simple chart to show that since our last chart about Ethereum not having closed a Weekly candle below $580 was spot on along the parabolic fractal I had published back then (see idea on tradingview below):
Currently, as we near the ATH I see the next prominent short-term target as being at $2,700-2,760 with a $100+- margin of error which is the textbook target of the long-term bull reversal rounding bottom pattern shown on the chart.
The long-term final target of the Ethereum Megabull has also been revised to $28,000-31,500 roughly which I will publish soon. Stay turned and hit the Like and Follow button!
Happy trading!
Carl M.
Bitcoinguru
The Weekly Overview of the Ethereum Bull MarketHello All,
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is a simple chart to show that Ethereum has yet to close a Weekly candle below $580 or the blue support line (previous resistance). Hence the wicks we see below that level. This suggests that buyers are strongly stepping in at the buy/long range of $580-525 and buying any dip presenting itself before the next rally towards the ATH at $1420 roughly which will likely happen in Q1 2021.
Once the ATH is reached and breached, the Megabull is on for Ethereum with a computed final target somewhere around $10,000.
Happy trading!
Carl M.
Is DOGE on the Verge of Signaling the Altcoin's Bull Market?Happy New Year everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
DOGE is typically a good indicator on when ALTS will have an uptrend or Megabull. The last time Bitcoin broke the ATH back on February 2017, DOGE fired up the ALTS Megabull too back then by having a big rally towards 0.00000180-0.00000200. Will this time in early 2021 be the same on the ALTS which for most have failed to launch in an ALTS season and strong bull run beside Ethereum, LINK, Litecoin and a few others? Lets see in the next few weeks what happens and read up below:
At this time DOGE seems to have found a bottom at 0.00000015-0.00000020 which is good buy area to try buying some for the long-term for those who which risking 1-5% in.
Buy/Entries:
:arrow_forward: 0.00000015-0.00000020 - Buy/Long here - See stoploss
Sell/Resistances:
0.00000081-0.00000085
0.00000100-0.00000110
0.00000120-0.00000127 - Sell 25%
0.00000145-0.00000150 - Sell 25%
0.00000180-0.00000200 - Sell 50%
Stoploss: 0.00000014
Chart:
Best of luck and happy trading!
Carl M.
On the Verge of an Euphoric 12 Months of Bitcoin Megabull AGAIN!Merry Christmas or Happy Holidays All!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
For those who have been following me for many years, I successfully predicted back in 2015-2016 the Bitcoin Megabull to $10,000+ and I covered it through 2017 on the below chart until close to the end while many doubted the run would ever occur:
Now as crazy as it may seem, Bitcoin is about to do it again as mass adoption goes to another level with wallstreet and companies investing heavily in BTC ( Microstrategy , Paypal etc.). Hence I will be using this chart to cover the Megabull through 2021. At this moment, I have updated our earlier Weekly chart with an extra purple fractal that would kick in, in case the blue fractal with the bullish parallel channel is broken to the upside and faster first Megabull plays out towards $90,000-100,000.
Both dual fractals provide Megabull final tops/sell/short ranges somewhere between either (all good sells):
$200,000-250,000
OR
$321,000-440,000
Make no mistake, you will need to hold strong for 12 months until we reach the final top of the Megabull around End of November / Early December 2021.
Consider this idea VOID/FAILED if Bitcoin breaks the bull channel's bottom support currently at $15,500-16,000.
Best of luck and happy trading!
Carl M.
Previous ideas: (please like and share)
Bitcoin Monthly Overview of the Megabull:
Bitcoin Weekly Overview of the Megabull:
Ethereum Weekly Overview of the Bull Run so far:
The Monthly Overview of the Bitcoin Megabull CyclesMerry Christmas or Happy Holidays All!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
A simple chart overview for my followers the Bitcoin Monthly in 2011 to 2020.
Currently as you may have noticed we have completed a 3 year old bear market and now launched a bull reversal on the Monthly chart after completing a rounding bottom bull reversal (blue half circle) as we did at each previous cycle.
Also notice that the Monthly Bollinger Bands have squeezed and already released to the upside for the bulls confirming the start of the megabull! The direction is confirmed to the upside now and it is time to hold again and sell November/December 2021.
We see now that Bitcoin is launching once again towards a new Megabull with targets being:
$200,000-250,000
OR
$321,000-440,000
Best of luck and happy trading!
Carl M.
The Weekly Overview of the Bitcoin Megabull CyclesHello All,
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
It seems that some Tradingview moderator wiped out some of my previous 6-7 charts due to house rules so I will publish with straight to the point TA and analysis.
We have exceeded our bull ascending triangle target at $23,000 which means we are heading much higher. And I mean even much higher than my initial call of $25,000-27,000 after revising my charts:
I think Bitcoin is heading to $29,000-30,000 then we top there.
We are defining the new Megabull bull parallel channel for the next 12 months similar to a 2017 bull parallel channel in the Megabull. So at this moment, be patient and let the channel define its top and bottom!
In my opinion there will be a great buy/long opportunity on the pull back from $29000-33000 down to 23000-21000 in March to touch its bottom support of the channel them we run higher to $55,000-60,000.
Happy trading!
Carl M.
Potential Next Bitcoin Megabull Cycle towards $200,000Please hit the like bottom at the bottom right corner and follow us.
Here is our roadmap towards the Bitcoin Megabull of 2021 based on our Weekly Log Chart.
As long as our log bull parallel channel holds along the 1W midband now at $10,200 (or 21WMA for others) I expect Bitcoin to keep grinding higher and higher in the incoming months due to the limited supply following the Halving. Bitcoin's supply experienced recently a supply shock from 12BTC mined per block to only 6.5BTC, making Bitcoin scarcer than ever.
Many metrics also shows that institutions have sent most of their Bitcoin holds off the exchanges for storage which is a bullish sign that they do not expect the market to experience anymore a strong downside but quite the opposite a stronger uptrend to develop past the previous ATH at $19,892.
Finally, the Bollinger Bands simultaneously on the 1W and 1M timeframes are squeezing tight indicating a big move incoming after December 2020 past the ATH at $19,892. Historically the only time this happened simultaneously on the 1W and 1M timeframes was back in April 2016 after which the bull market took us to the ATH then a Megabull.
The anticipated Megabull targets are:
$130,000-150,000
$200,000-220,000 (Higher probability)
Note, this idea assumes no "big" stock market or great depression type of event in 2020-2021. Should any of these occur then consider this idea VOID as they would delay the Megabull by at least 3-6 months.
Good luck and happy trading!
Ethereum Heading into a New Bear Trend till end of 2020Hi traders, I hope everyone is safe and healthy in these tough time. Here is the outlook for Ethereum for the next few months. Hit follow and like to show your support:
:arrow_forward: :chart_with_upwards_trend: Next level to consider rebuying some back if bullish is at $310-290 and $285-275 bottom of that broadening wedge where the bulls must try reversing it back up above $400 immediately to preserve the rounding bottom and bull trend :chart_with_upwards_trend: .
:chart_with_downwards_trend: Note that if we break that $285-275 support, then we may go in an extended bear market AGAIN unfortunately until end of 2020 after which a new bull market would start Q1 2021 which is a substantial delay again due to the US elections and US economical/pandemic mismanagement/incompetence of Trump's presidency.
If the bear trend confirms, then I do think we find a bottom on ETHUSD and BTCUSD sometime September or October before the US elections and I am currently looking at $220-210 for a rebuy/relong longterm for that bottom after which we'd see ETHUSD recover back up mid October to November 2020 back above $275-285 similar to July-October 2017 action...
:arrow_forward: Overall portfolio management wise, it is best to flip 50% to fiat and 50% ETH longterm and just watch. If we regain $400s+ then we can consider reinvesting the rest. If those 2 years of bear market in Crypto taught us something new, it is effective and proper risk, portfolio and trade management and most importantly banking profit/cash and withdrawing that profit to the bank account and enjoy it. Do not take any long-term outlook for granted and always take profit, else we'd suffer continuous losses over the years at the mercy of the high frequency algos and CME institutional entities.
Stay safe!
Bitcoin - The resistance is combining forces and this will...BTC better get on board or it will find itself on the bad side. As you can see the 50MA is dropping towards the trend line, once those two combine forces, it will become strong resistance, but if BTC goes over the 50MA the two become strong support.
I will breakdown for you the two options in detail. Keep in mind we are focusing on the big moves, not the little moves. If once the 50MA hits the trend line BTC goes over the 50MA we will try to reach the 200MA which is now around $9300. If once the 50MA hits the trend line BTC goes under, we will hit 5K, That simple.
The fact remains that BTC has been respecting the green trend line now for almost two weeks, which will make other buyers grow confident which can start that domino effect that will lead to a big green candle. I drew this line a few months back and I was questioned, it is now obvious that this was the line BTC was going to use. Once you have enough experience these things just jump at you. What else is obvious right now? That BTC wants to run-up to the 200MA on the daily chart.
TA is extremely simple, the more complicated you make it, the more guessing is involved. Keep it simple and you can see the next move a few weeks or a few days back. In the coming days, I will post an explosive sure shot of a trade I've found, stay tuned.
VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
Ethereum ETHUSD Heading Towards a Double Bottom at $88-80Hi All, please take the time to like the chart and follow us before getting started!
Simple update on the earlier bearish scenario discussed with members across all our channels. Ethereum lost the support at $140 and extended further into the long-term falling wedge which is opening the door for a retest of the previous bottom at $88-80 for a double bottom. This is the level I will look to fully rebuy back in with a tight stoploss.
There is a possibility that we bottom a tad higher at $100-96 through an A&E as well but for now I would not worry about that until we get to that point.
Bitcoin - Confluence of Bear Targets towards $6,900-6,600Hello All! Please hit that Like button and follow us to show support and keep receiving updates when charts are released.
Unfortunately Bitcoin failed to close above the 12H midband at $8,140 and $1D midband at $8,200 to remain bullish . Were back at being cautiously bearish after our stoploss was hit at $8,085.
The bull setup we had and the 12H 1D Head Fake setup were never confirmed as we failed to break above the resistance at $8,290-8,330 and close a daily above $8,350.
So where are we at now?
Well TA wise the bulls do not much have left anymore at these levels beside the higher lows on the Weekly support at $7,800-7,700. The potential bullish head fake setup on the 12H 1D has for now also failed. FA wise the bulls have the important May 2020 Halving where the reward gets slash from 12 to 6.5 BTC but that's 7 months away.
But the bears do have now a wide range of patterns all converging to similar targets near $6,900-6,600, lets summarize them here quickly okay?
1. Bearish H&S reversal pattern from 10K-9K with target $6,800-6,600
2. Bearish H&S continuation pattern from 8K with target $6,900-6,800
3. Bottom of the mid-term falling wedge at $7,200-6,900
4. Blue Broadening Wedge short-term with target $6,700-6,600
> However to confirm the bear trend we need a lower low on the Weekly below $7,811 Bitstamp .
> Otherwise if a higher low is set again say at or above $7,850, then we may go in sideways for at least a week till the CME Expires/Settles after October 28 and till we close the Monthly candle. If we do not see any breakdown after that time going into early November then we may see the bulls get another chance at the $8,290-8,330 and $8,416-8,570 resistance.
If you appreciate the idea feel free to follow us here and on twitter and join our telegram channel.
Bitcoin May 2016 Daily Bollinger Head Fake vs 2019Hello All! Please hit that Like button and follow us to show support and keep receiving updates when charts are released.
This chart is a follow up on the idea that was discussed on twitter with John Bollinger himself regarding the May 2016 1D Bollinger head fake that occurred then versus the currently similar action on Bitcoin.
As you see on the comparison chart, both the 2016 move and 2019 move are ultimately very very similar. The 2019 top at $10,000-13,880 actually shares similar action before we broke down in a similar manner to 2016 and finding support at the lower Weekly support at $7,800-7,700.
Currently the Daily Head Fake move is not confirmed on Bitcoin until the consolidation/sideways ends (could take weeks) and we start to move up then:
1. First we would need to cross back up above the 1D midband at $8,220
2. Then Bitcoin must break out past the top orange resistance at $9,000-9,350
Once the bull run happens, we would most likely see $16,000 as the top.
Consider this idea VOID/FAILED if Bitcoin makes a lower low below the Weekly support at $7,700
If you appreciate the idea feel free to follow us here and on twitter and join our telegram channel.
Bitcoin Breaks Out September 22-23 starting an Early MegabullHello All! Please hit that Like button and follow us to show support and keep receiving updates when charts are released.
This chart is mainly for all my followers who saw my call last night on the Bitcoin 1D Bollinger band Head Fake that played out nicely. Please read on!
Well well few hours later and voila we got a full bart up to $10,380 back in the middle of the 1D Bollinger Band squeeze and that gentlemen is a head fake. If you look at the volume you see a nice green bar which was the highest we have seen since early September! That green volume bar confirms that this is a legit head fake. We just need that last part of the confirmation that comes next week with a break out past the top of the symmetrical triangle at $10,450-10,550 give and take / Bitstamp. This is where my old longterm blue fractal comes in!
So what happens now???? well I am finally sharing with you the last part of my old fractal we have been following closely in the group. As I told you yesterday we have a 3rd wave which we just started after hitting that top I called few days ago to be hit at $10,380-10,480. Today Bitstamp hit precisely $10,380.
From here we should see Bitcoin go for a last gradual sell off on this wave that could drop to $10,100-9,950 roughly until September 21-22 after which we break out past the top of the symmetrical triangle (confirms past $10,550) to $11,000 for the BAKKT launch.
So why are we seeing such 3 waves with spikes followed by a decline? Well my theory is that the Market Mover uses the 3 Bitcoin waves to load up on ALTS 3 consecutive times and having them surge (which I called last week a short-term uptrend on ALTS and ETH and NOT ALTS Season yet). We still have a 3rd wave on ALTS to do I believe this weekend. Make sure you take full profit on ALTS to BTC by Sunday/Monday as after that Bitcoin may go for a last sell off so the Market Maker loads/scoops up cheap Bitcoin a last time before we get the real break out on September 21-22.
Bitcoin incoming Long-term buy at the 1W Bollinger MidbandHello All! Please hit that Like button and follow us to show support and keep receiving updates when charts are released.
This is the cleanest chart on tradingview at the moment using pure Technical Analysis, showing Bitcoin in a large yellow ascending triangle mid-term and the short-term Bitcoin being in an orange falling wedge. Several signs of confluence have appeared to us in the past weeks that converge towards the buy and support area of $9,250-9,000:
1. 1W Midband/Support or 21 WEMA Support
2. Bottom of orange falling wedge
3. Target of the small H&S (not represented on this chart for cleanness)
4. Double/triple bottom
5. Bottom of yellow ascending triangle
6. An old fractal that we are not sharing here (join our membership to get access)
All signs are there for a buy/long opportunity at $9,250-9,000 around my custom cycle on August 26 (max August 31 Monthly close). Also notice that my custom cycle shows a potential Bitcoin uptrend developing starting September 16-17 going into the BAKKT launch on September 23rd. Let's be patient and catch it.
Happy trading and best of luck!
Litecoin Halving End Game ComparisonHello All! Hit the Like button and follow us to keep receiving updates when charts are released.
In this chart, similarities between August 25 2015 halving versus the current halving on August 5 2019 are compared.
Surprisingly both are similar as being in a narrow orange falling wedge. Also note that for the Litecoin Halving of August 25 2015, Bitcoin, Litecoin and all the ALTS had a multi-week downtrend that bottomed on the day of the Litecoin halving (back then Litecoin hit $2.5 and BTC hit $190). If this plays out again, then we may still be in a downtrend and Bitcoin would bottom on August 5, 2019 at $8500-7,600 and Litecoin $58-51 roughly which would all be a good buy long-term at the 78.6% Fib
Hence, at the moment I suggest and hope most of you sold at the top of the wedge today just in case at $99-105 that was hit today and are waiting for the pull back or at least to see what Bitcoin will do tomorrow (being hold $10,300-9,770 = bullish or go to $9,500-9,300 = bearish)
Potential Double Top at $13,400-14,400 by Sunday Monthly CloseHi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart!
This is a short-term action plan with finally some good action in the past few hours on Bitcoin. We are heading towards the Monthly and Weekly close this Sunday on Bitcoin and we should always be prepared for both eventualities.
Bull scenario: (higher possibility) The IH&S green bullish pattern would send us to retest $13,400-14,400 by Sunday for a double top before dropping back down to test $11,000. The action around $11,000 will be very important as it is the long-term bull neckline from June.
Bear scenario: The green IH&S would fail and we would sell off Saturday through Sunday close lower and lower below $11,000 as we get pushed by the resistance of the descending triangle. This would be the bearish continuation of our purple fractal down to $10,000-9,000 and eventually $8,700-7,600 that we published yesterday
Litecoin in a Broadening Wedge with $183-215 not Out of QuestionHi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart!
This is a follow up on the original LTCUSD idea published last week. At that time the 12H and 1D bollinger bands squeeze failed and Litecoin sold off.
Clearly, on the bigger picture Litecoin has been swinging back and forth within a large broadening wedge I am showing in blue. Although initially it broke the bull neckline at $119 and headed down to $110, it simply expanded the bull neckline a bit further with a previous wick we had few months ago and remains in the broadening wedge from which we bounced hard back from its bottom.
As of now the higher target of $183-215 by the halving remains a possibility. But you will have to hold though all this sideways action and the Bitcoin swings until then.
Stoploss: $109
The Bitcoin Megabull starts Mid October 2019 Towards $200,000Hi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart!
Basically we have been following this fractal on and off with the members and its looking very likely to play out now. So I am sharing it with you all in case the last devastating part of it completes in the next 24 hours with a steep drop to $8,700-7,600 or lower (that would margin call all late longers). There is a low probability that we see a wick that would touches $6,900-6,400 to form this large orange symmetrical triangle that ends in Mid October 2019 after which we can expect a break out towards $16,000-16,400 or even see the Megabull potentially start early.
This would make perfect sense to play out after completing the current 3 Drive Pattern and the final parabolic move/blow off top to $13,880 that hit our Monthly forecasted top Bollinger Band at $13,400-14,400 (target that we published on twitter few days ago too - make sure to follow us there and follow the telegram channel).
Bottom line, we are in need of a pull back and 3-4 months consolidation after rallying non stop since the $3,000s towards $13,880. A retrace closer to the 50% Fib at $8,500 well within our buying area at $8,700-7,600 would make perfect sense .
The consolidation for 3-4 months in the large orange triangle would allow Ethereum to have it's bull run past $400-440 towards $690-740 and allow ALTCOINS to have their well needed bull runs from Mid-July towards end of September after which Bitcoin would take over once again and start rallying!
Stop: Consider this chart VOID if by Saturday/Sunday (next 72 hours), Bitcoin remains strongly above $10,000 then we would be looking at another more bullish scenario.
Litecoin Halving Last parabolic Leg to $183-190 Starting Hi all, please like the chart and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the last parabolic leg of the halving rally!
Since the LTCBTC pair could not keep up with the constant surge of Bitcoin in the past few days and weeks, we had to switch to Litecoin LTCUSD for more accuracy and better forecast of the timing. As you may have noticed for several days in our telegram channel, I have pointed to the 12H tight Bollinger Bands squeezing slowly on Litecoin LTCUSD.
Today the bands were ready and Litecoin is gradually breaking up to the upside for a big move to our final target of $183-190. A potential wick to $215 is still highly possible. Look t to sell fully at these levels and leave some Litecoin for cold storage!
Note: Confirmation is still needed with a break out pat $145. However that should come easily within the next few hours!
Bitcoin to $5600 ? **BULLISH**Bitcoin seems to be looking slightly bullish at the moment but its never safe to catch a falling knife. Strong confirmations are good to know if its a real trend or a bull/bear trap.
In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and important interim support level that was hit while shorting on the way down from $6,000 causing the $5600 range to be a Key Level of Significance.
Things to look for:
If it breaks $4400, I will have a position open to enter at this range with a stop loss around $3800 - $3900
Good luck trading !
Premium trade signals
www.AlphaSniperCapital.com
The ETHBTC Megabull Pending the Activation of the IH&S PatternHi everyone! Before we get started, take a second to hit the like and follow button to put this idea on the top spotlight and keep getting updates.
For those who have been following our updates and charts on Telegram, you remember that we've posted the same chart back in December 2018 pending the completion of the green IH&S. At this moment, the market seems to have completed enough consolidation to attempt another breakout to complete the last shoulder of the IH&S and activate it with a hit of 0.040.
You can clearly notice looking at the chart that ETHBTC has a strong repeating IH&S bull reversal historical pattern (we are going for the 3rd now) within the log parallel bull channel , and once that we activate the IH&S we will very likely have a similar explosive Megabull on this pair (even ETHUSD ) towards the top of the channel around few potential targets depending on how Bitcoin pans out:
0.32-0.36 BTC
0.51-0.61 BTC - which is most likely the final target, target that we had since December
The question is pretty much the timing hence why two fractals were included with the blue fractal topping on August 2019 and the delayed purple fractal with a top in May 2020 right around Bitcoin's halving. Feel free to discuss if you agree or disagree!
Like this chart and follow us to get updates on this fractal analysis. Don't forget to share our idea with others while referencing our work.
Ethereum Mirroring Bitcoin's 2011 Double BottomHi everyone! Before we get started, please hit the like button to put this idea on the top spotlight.
For those who have been following our charts on Tradingview and Telegram, you know we have been offering a unique perspective on the market for quite some time. If you remember well, we were the first to point the double rising and falling wedges at the current levels on both Bitcoin and Ethereum (see link at the end of the post to related ideas that was posted a month ago for Ethereum).
On this chart, you can clearly notice how we mirrored Bitcoin's Bear Market in 2011 by performing double rising (in blue) and falling (in orange) wedges on Ethereum above two support levels $180 and $102. If you look carefully at our log chart, you notice that the action through the Bear Market is roughly 85-90% similar. So what's the take away from this chart?
Based on this fractal analysis, it is safe to say that:
1. Ethereum has very likely bottomed at $84-80 in this Bear Market
2. We are currently in a very long sideways range above $125 that started from February 22 until April 15 (maximum May 1st). We have delimited with a red vertical line on the chart on April 15 where most likely the shake out and double bottom will happen.
3. Sometime around April 15 to May 1, when the distribution has been completed at the $125-150 range, Ethereum will wash down in a strong shake out to $84-80.
4. That shake out will aim to get rid of all the inexperienced traders who bought near the resistance and put a proper bull reversal through a big double bottom at $84-80. 5. $84-80 is where you can look to fully buy back on Ethereum (you can mirror the buy on almost all ALTS - except the ones that have no future)
6. Meanwhile, until the sideways above $125 ends, ALTS will randomly start or seek to continue their bull run.
Like this chart and follow us to get updates on this fractal analysis. It takes 1 second to show appreciation to the work put in and shared with you. Together, we can be a strong Crypto community. Don't forget to share our idea with others while referencing our work.
Litecoin's Road Towards the Halving - LTCBTC UpdateLTCBTC - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
Hi all, before we get started, like by hitting the button on the right and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the road towards the halving!
------
Since our last update, Litecoin broke the bearish H&S we had drawn and went for a 2nd leg up which hit the resistance at 0.0158-0.0161. At this moment, there are two possibilities:
Bulls (in green): we either go for a 3rd and final leg and hit the top resistance at 0.0176-0.0190 which would mean another leg on LTCUSD that would go deep through $64 or:
Bears (in red): we stop and drop back down to retest the 0.01340-0.0117 support of the ascending triangle.
Either way, since we were caught by surprise with this early start of the Litecoin rally towards the August 2019 halving, I now recommend to have a longterm cold storage of Litecoin being held separate from your daily trading stash.
Buy/Support:
0.00765-0.00691
0.00862-0.00840
0.00120-0.00117 - Ideal fully buy back if hit/add to position
0.00134-0.00125 - Buy back if LTC does not go lower
Sell/Resistances:
0.0158-0.0161
0.0176-0.0190 - Sell 25%
0.0277-0.0280 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue Fractal
0.0385-0.0400 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue Fractal
Stoploss: 0.01080 or at anytime the bull neckline is broken