LTC/BTC reaching end of its 4 year pattern!Litecoin dominance has been a downtrend for four years by the end of February 2022 the pattern will break. As you can see even though its not the perfect Gann placement we still get very good reactions off the 4/1.
Also not sure how the MFI is exactly working on the dominance chart but it is so we can clearly see that it does show divergences pretty accurately. We created bullish divergence a while ago but still remained on a downtrend maybe its lagging this time round but normally its pretty accurate.
Out of all the coins I follow and chart this one for me is the most interesting , whats going to happen after this pattern breaks? This is not a small developing pattern its been years in the making a break to the upside could send ltc to new places.
I have a gut feeling something big is coming and its the "dino" coin coming back from the grave!
key:
"dino" = Dinosaur Coin
Dinosaur =Dinosaurs are prehistoric reptiles that have lived on Earth from about 228 million years ago.
Dinosaur
EURJPY - WHY THAT DOUBLE BOTTOM TRICKS USSame as GJ, EJ is showing us signals that it's tired of just bleed. Despite the bearish structure, in order to keep going any further, it has to grab some liquidity, and the last week's candle close above a zone shows us exactly that: a incoming lower high, liquidity grab, retracement or whatever you like to call it.
If price doesn't break that minor zone or start to stall to much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have a SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
Also, we need to find some previous order block so we can get money up there.