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Bullish Butterfly

$ALGO / $BTC Daily Shooting Star Close/Bullish ButterflyGood evening Ladies and Gentlemen! 1st off, I am planning on opening up a Discord channel or potential telegram channel. I may even make a website, but I really want to start a group called "ChArtWorks" or "TimeLostChArtWorks". Haven't decided yet, but I would love to open a channel for TA and also Artistic Charts that I'll be posting! That being said, we are currently closing the daily candlestick with a Shooting Star. This is typically a bearish candlestick which implies potential reversal in price action to the downside. These are commonly seen in uptrends. On top of the Shooting Star Candlestick, you also have Bearish Convergence on the MacD with "Hidden" Bearish Divergence on the RSI! I have taken profit on ALGO completely. We may not hit the perfect pcz target of the bearish cypher. We were 9 sats off and we were constantly being rejected under Resistance. I know this sounds kind of far fetched and some hodlers or those that are emotionally invested in ALGO will hate me for this, but it is not out of the realms of possibility that we'll see between 265 and 385 sats Overtime! You are also creating a Shooting Star Candlestick with all of the coinciding variables at the Top of the Geometrical resistance. If you are fomoing into ALGO now, I am just saying this is not a safe entry whatsoever. But between the 1.272 and 1.618 golden mean ratio, you could see exponential gains at the price ranges! I will keep you updated as usual and we'd be looking for 4 hour and daily bullish Divergence among these areas! Also, keep in mind of the overall trend of this coin so far. This coin has done nothing but dump, and you haven't even broken the geometrical trend to indicate a change to the current trend we are in!
Short
by ChArtWorks_TechnicalArts
12
LTX Rebound??POLONIEX:LTCBTC Is sitting right at an upward sloped support line from previous lows. In addition to this, price action has formed a loose form of a harmonic pattern . Not quite a butterfly because the "B" point did not retrace to the .786, only near the .618 fib. Besides that point, it fits within a bullish butterfly pattern with the theoretical entry point coinciding with the support line shown on weekly chart below. I am hopping in here for a shot at it, stop loss set tight just below the trend line , so at .006125 representing just over 5% loss possible. Target is the .618 of C-D, so .01335 area, representing just over 100% gain from current entry. RRR then lands near 20:1 in favor of reward. Worth a little cash to find out if LTC can either try to catch up to BTC gains or stay steadier during a BTC decline. We shall see. Happy hunting and GLTA!!
Long
by UnknownUnicorn1314136