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LTC is TIGHTLTC equilibrium within a larger equilibrium. It feels like LTC has been in a tight spot for the last forever, so things could get interesting. I see two possible scenarios: 1: LTC breaks out of smaller equilibrium, which would break it out of the larger equilibrium almost simultaneously, and meet next resistance at 190 (with other resistances along the way probably, but look at BCH when it broke out) Boom boom pow. 2: LTC breaks down, meets the bottom of larger (purple) triangle @ ~116-120 and we then retest that support, and either come back up or go waaaaay back down. I see #2 as less likely because of recent sentiment in the market. You can feel it on twitter. Many other currencies have also already broken out of the large 4 month bear hibernation phase, LTC eventually will have to also. Remember this is a speculative market, so almost everything moves relative with each other eventually. Plus, the current equilibrium is at the TOP of this larger triangle, not at the bottom, so bulls have been showing up for a while and buying, propping up the price. MACD is slightly above the zero line, which is slightly bullish, but still is relatively flat on the 4h. RSI is also flattened. Volume is rather thin, and some people say that that is indicative of a strong break out up or down when in an equilibrium show like this.
COINBASE:LTCUSD
by jbutler7
WOW that is a long way downJust looking at random stocks and this one doesnt look too hot to me... It has a 100% 'analyst' buy rating but what do those yahoos know how to do besides unload bad stocks from their portfolion onto the new traders of the world. Looks like it respected the 50% so a 100% move from the 50% would be the 150% lvl around where the TP is... See if 50% is respected again as our SL. Manage your risk, short selling has potentially unlimited down side. GL HF xoxo sn00p
NYSE:WOWShort
by 420snoop
8
One Nightly Delusion Call me crazy. And delusional. But hell, it's fun to see. We're looking at the weekly chart in *log* form for Bitcoin. Noticed a sling shot effect. That's what they call it, right? Eh, can't remember, anyway. . . The peak trending lines for BTC deliver this sling shot. Even though we're in a bear market, do notice for long term, we're still going up. But if history will repeat itself, if we *go* by the weekly view, we still haven't hit the bottom. But I guess that depends on which chart you see, Day vs Week, who knows? But if this is all setting up another sling shot, based on these peaks, we could see that miraculous 1 million peak by 2023 . . . Eh, it's fun to speculate.
BITFINEX:BTCUSDLong
by Sleebs
Heads, Shoulders, Double Tops, Bears, Bitcoin, WOW! Note: If you get anything out of this, agree, disagree, or entertainment, please like, follow, comment, share! Welcome to all 5 of my followers and all of you soon to be followers to my updated analysis on Bitcoin! If you saw my analysis from earlier today, which you probably didn't, you'll see that no more than an hour after my hypothetical head and shoulders post, we got confirmation followed by a drop to the exact target of the head and shoulders. WOW! People say TA doesn't account for FUD and FOMO and News, it sure can predict some price action and targets! WOW! I've been watching and digging into this chart all day because I am fascinated by all of this, and because I'm tryna make some money here. The more I look, the more I uncover, and the more I get excited about these POSSIBLE scenarios. I do my own research and come up with my own scenarios, and you should do the same. NEVER make a trade based off of one of my charts. Let's get down to business.... 1.) Dark red line - my (now confirmed) neckline from the head and shoulders i predicted this morning. Formed, confirmed, hit target and bounced back up. Conclusion : BEARISH - WOW! 2.) Dark Blue Solid line - NEWLY discovered head and shoulders pattern that was also confirmed today. Can be invalidated at any time by a close back above the neckline... You ready for this? The target of this head and shoulders pattern falls exactly on the 78.6% Retrace line -~7250.00 - Conclusion: BEARISH - WOW! 3.) Black Dashed Trendline - Trendline coming down from the ATH... now been poked more than a cute girl on facebook. I don't have a ton of faith that this line will hold up if it keeps getting tested. Its trending downwards anyways - Conclusion : Neautral The following are hypotheticals, one even fairly bold of me to predict I might say... If either are confirmed however... BEARISH! WOW! 1.) Horizontal Light Blue Dashed Line - A close below this line would confirm a double top. BEARISH! WOW! WILD PREDICTION FOR FUN: Solid Black Downward Sloping Line - Don't hold me to this, or anything I've said here, but if this particular pattern plays out I'll probably be getting a call from Bobby Axlerod to come join his hedge fund. Here we go... we get not 1, not 2, but THREE head and shoulders patterns in a single analysis. WOW! Keep in mind for this one that we don't even have a right shoulder yet. If this shoulder forms... it then has to close below BOTH the downward trendline from ATH and the HYPOTHETICAL Neckline. If this were to HYPOTHETICALLY happen in around three days or so, where would that head and shoulders target be at?? No way! The 78.6% Retrace right around 7250. What!?!?!?! WOW!!!! All those wows wiped me out. Not much else to say hear other than this is hypothetical and can be invalidated AT ANY TIME! I see lots of bearishness and not much bullishness. DO YOUR OWN RESEARCH! WOW!
BITFINEX:BTCUSD
by CoreyAvery
3
Bitcoin: BTCUSD Neutral- break above 6550 and hold for next longBitcoin: BTCUSD Neutral right now - must break above 6550 and hold on retest to trigger next long This could well be a continuation pattern before Bitcoin rallies potentially as high as 7400 in bear-mangling AbC pattern - after throwing everyone off it's back except day traders - who are also now fighting a narrowing field with a little flag pattern appearing over the last hour or so, some bearish and some bullish but neither yet winning the argument - but it's centred precisely around the 6450 pivot point, nevertheless, so this level remains important to the bulls - and bears and does seem to be the key level for the day, still. For Bulls to win the day they have to force price back above 6450 firstly, and then 6550 where the old dynamic lies once more and it has to hold up on the first retest of this line from above if broken at any point on 15 minute, or at least must leave a pin bar if broken for a few moments - it's still possible at this point - if we see it and the retest is successful (this turgid process can take a couple of hours, and like fishing it helps if you can maintain a zen-like calm if you trade this break, should we see it. Looking to follow on the retest with stop under 6470 for now, looking to close out at 6940 if touched and likely go short for 200 points on first touch with stop 50 points above. For the bears to win out from here all that needs to happen is for price to remain under 6450 pivot point. it really could flip either way and all this indecision bleeds out of the chart - too much mixed super near term conflict, players so exhausted or baffled that fighting has ground to stand still...for now... So far the attempted break above 6550 is failing...still stuck in neutral, but the bulls are really trying for it now. Faster updates are available by subscribing free to Tradingview.com where comments can be updated quickly without struggling with formats and charts and other BS. Followers can get automatic notification of updates from there. I'm still trying to refine this, and to find the best way to deliver timely updates without overload. And also looking for a social-media savvy US based promoter to help take this to the next level. Today wasn't great but where else can you make 1500 points on the weekend in a flat market overall? Isn't it better than the Londay day-break strategy ? Or not ? Please respond, it means a lot to get honest feedback and any suggestions are welcome, particularly from those followers who have joined the hunt for Bitcoin and have followed for a week or two. Anyone out there interested in any of that? And who is that daybreak strategy guy anyway? It's like he's living in my computer. Anyone out there? Please respond. It will help improve the service. A review of a pretty poor day is on the chart itself fyi with mistakes owned and explained. At least losses were always contained with stops. One small consolation from a day of whipsaw and indecision and busted stops.
BITSTAMP:BTCUSD
by sumastardon
12