LTCUSD (Litecoin/ USD) here we have LiteCoin the 4th most popular coin on coinbase (COIN). this is showing a regression in price. cryptos are acting like stocks at the moment and just going up with no rest. I am not a big crypto person, as I have similar views as the SEC does and think they are an asset instead of a currency and some of the coins offer an interest rate for holding them which i think is a "stake of proof" setup. either way here we have a bearish butterfly pattern that just completed and the AMP RSI is in a very minor divergence. so i would expect to see some drop in price and if you wanted to enter after the pattern is complete then buy at the 618 of this pattern as this will be the bargain price. i know lots of inexperienced traders just hop into an asset without regard to price but if the asset is up 20% would you rather be up 18-19% with it or 10%? i hope this finds some traders well.
Harmoniccryptotrading
XLM/USD (Stellar Lumens/ USD) I fear that I have married this crypto. The technology this company offers is something that i truly believe will revolutionize the money market. If it is not Stellar then it will be a company similar to it. The technology is aiming at Western Union's (WU) market by making it cheaper and faster to transfer money from person to person. With Western Union and Money Gram International (MGI) it is super expensive to move money around. they charge sometimes 10% of the amount moved. and then it takes two- three days before the funds are available. With stellar its instant and at a 1000th of a cent (i think). i would really like to see this company and crypto get bigger I have 1% of my total income in this crypto and thus far its growth has been well welcomed. With this bearish ABCD pattern that just completed the top of the grey box is where you would want to enter or re-enter for the best bargain price.
A Triangle speculationA speculation on ta triangle formation for observation...
I think its going to breakdown as a net effect because of the bearish bat and gartley thet formed behind as i have posted in my 3 previous ideas...
I spotted the potential triangle d=formation in the 5 mins chart but as i cannot post the time framehere i will update th 5mins observation in the below updates...
Will be interesting..
Also note the price is playing int he PRZ of the bat and the gartley ..