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Litecoin Upwards Trend Looking Stronger After successfully breaking out of the multi-day diamond (more like a rhombus, actually), Litecoin rallied early today only to fall back briefly. But this pullback is looking like the lower level of a new 15-minute bull pennant, which has yet to be fully confirmed. Look for the price to rise back to the top of the flag, then fall to the lower end, only to rise again. Litecoin loves its flags, and this is looking like another clue that the upward trend is continuing. Will be interesting to see how a podcast interview with Charlie Lee this afternoon (3pm PST) will affect things. twitter.com
COINBASE:LTCUSDLong
by gr8fultrading
1
BITB - 400% Since 06/02Looking at BITB, it looks like there have been 5 waves completely since it began trading. After the completion of the 5th wave, it retraced back to near the end of wave 4 which is an indication that my count is correct. From here we have completed the first and, what looks like, the second wave of this new impulse wave. This is in synchronised with most other coins in the market, so I am bullish on this coin which seen over 400% increase since 06/02. Wave 2 retraced 50% of wave 1, also close to the end of wave 4 of lesser degree, which is a healthy correction following Elliott’s principle. The potential here is too good to miss so I will be trading this carefully. I initiated 2/3 of my total trade here @ $0.018 and will add the remainder of my position when we break $0.02. My first target is $0.0234 (46%) but I will be looking to carry this position to the next target of $0.028 (104.38%) My main concern for this coin, as the BTC price continues to climb, when it is time for BTC’s retracement, it will most likely cause a pull back in this market. I’m hoping these pull backs coincide with my target for this trade. In the next couple days we will be testing the middle channel which will be the first hurdle. If we cannot break this we could be headed lower so I have place my stop at $0.0155 (14.9%) Confidence Rating: 6/10
BLong
by JoshThomas04
1
AUR - A Shot in the DarkI feel crazy for publishing this post but as a pact to myself that I’m publishing every trade I make to keep a journal, I must go on! Following BTC’s strong rebound on 06/02, we have seen the sentiment cascade over all crypto markets. I have even seen a few coins pump over 100% on Bittrex which tells me this kind of pumping is beginning to return. Looking at AUR since it’s introduction to Bittrex in 2014, I can see 4 waves. Of these, the third wave seems extended. The fourth wave, which we may have just completed, formed a symmetrical triangle. This implies we have another run ahead of us but I may just be too hopeful. I feel somewhat positive with this coin as it managed to hold it’s price relatively well during the crash at the beginning of the year. I have entered a full position here (smaller position in comparison to my other trades) as I’m expecting this coin to move rapidly if it moves. My target is $3.94 (109.57%) however I will set a sell order at $3 (59.57%) also in case of a spike. This is very speculative as I don’t know the fundamentals of this coin. I only know what the chart tells me and the small research I’ve done. The team doesn’t seem very active on twitter plus I’m struggling to find a reason why the price has been held up. The only explanation is the local trading of AUR as it is native to Iceland. If the price falls below the support line given by the bottom of the triangle I will exit the trade so I have placed my stop at $1.51 (19.68%) Confidence Rating: 4/10
ALong
by JoshThomas04
1
double comba and then boomSometime i catch my self when always try to see when BTC will boom. So this is my new idea. We had an ABC correction. now i think it is impulse wave and it fails. then another ABC and all in all we have WXY correction pattern in the end of it everything is in the triangle and in the time braking triangle and downtrend resistance we going up with fire to the moon in the Lambos. So what you guys think about it. i think this is most possible way. Please feel free comment and share your ideas.
Long
by flipflopslt
BTCUSDHeard a great piece of advice the other day - BTC should be sold on the way down, not up. Anyway, so what does this messy AF chart mean. Using fibs and pitchfork I'm looking at a profit taking range of 10260-10570 USD. Cloud future on the daily & weekly showing no signs of slow down, however 1-4 hr shows a slow down coming in. At this point BTC is extended from equilibrium on all indicators, honey badger DGAF. Summary - I'll take some profit at target, observe what the beast wants to do after that. Good luck everyone.
BITFINEX:BTCUSD
by DOOM_