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Diamondpattern

$LTCUSD - Possible short setupHello everyone! LTC as we all know is one that mostly shows surprises when the market is calm, just like today when the market is bumpy and some alts are gaining heavily, LTCUSD remains steady. Wave theory and Fibonacci applied on the chart demonstrate that Litecion might drop lower, although there is a support which is holding it from doing so and there is a possible diamond pattern, I suggest to short when the dynamic support is broken and long only above the 158.
COINBASE:LTCUSD
by realMarketSurfer
2
Sloppy diamond pattern? In H&S formation? BTCI think BTC is overdue for its "normal" correction, seen at previous bullrun(s). The price has reached a level verry close to ATH, but i think that to conqoer that ATH, BTC has to rest some time first. We are now in the area with lower range volume, so a pullback is imminent in my opinion. Also some kind of diamond has formed at the top and we could now easily see an ABC correction. I wouldnt rule out visiting low 14k levels in the near future. Godspeed!
BITSTAMP:BTCUSD
by Cryptogreen