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Elliottwavecorrection

LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
COINBASE:LTCUSDShort
by jwburnum
Bulls Waking Up SoonLTCUSDT has seen a very healthy correction thus far (along with all other top crypto). Lets see if this is the bottom or not. I've since changed my position from a 5-3-5 zig zag correction to a 3-3-5 regular flat. A few weeks ago I missed the top estimate, but nailed the severity of the correction (I think). This seems to confirm to me that LTCUSDT and LTCUSD has seen a complete overall cycle wave 1. This correction end point will mark the end of wave 2. First indication: The current price is jostling directly on the overall cycle .5 re-trace. Very popular reversal for wave 2. Second indication: It is riding its lifetime uptrend. While I expect a breach of this uptrend before beginning wave 3 to create a new uptrend, I still think this is a very good indication for at least an end to correction wave A as it presents a psychological border. Third indication: 1HR RSI shows large bullish divergence while 4HR RSI shows oversold breach. Fourth indication: Take a look at the -/+ volume in this triangle forming as compared to the last week. Traders are getting restless. I see three possibilities from this point: 1) Optimistic in Green - Begin overall cycle impulse wave 3 to 120s. 2) Realistic in blue - Begin correction wave B of overall cycle wave 2 to 70-85 region before beginning wave C down. I see this as the most likely due to the short time this correction has been running if it is truly a correction to overall cycle impulse wave 1. 3) Pessimistic in red - Charlie Lee is the devil and wants to watch the world burn with extensions of current down. Stop set to 40.5 in the event of scenario 3. Keep an eye on BTC as it's the one that seems to drive the crypto world. Let me know if you agree or not. I welcome your constructive criticism.
Long
by AngryBoris