Antareo

Antareo

An interesting development is forming. It looks like our downtrend is beginning to consolidate and we are poised for either a big drop or a nice bounce back up. I have no idea what is going to happen and am planning positions for both.

Antareo

After a wild ride down, the bottom price for BTC has stabilized and has been more/less flat for the past two months. This brings us in line with some of the longer term trend lines, and BTC will likely hangout in this range for a while.

Antareo

LTC is nearing the end of the downward range and is more/less bouncing on the long term support. With a mid-range RSI, we are poised for a potential breakout at ~$130. Make sure to set a good stop loss though, as the long term triangle is also near its end.

Antareo Updated 

LTC is still trading within the range earlier identified, but will meet major support at ~$124 as it reaches a long term trend line. It should bounce off the support, and will be in position for a potential breakout from the current range.

Antareo

A dog has formed within the pipe. It will continue running in this downward direction until it finds a bone.

Antareo

Looks like DJIA is going to fall to around $22,900

Antareo

The short term trend reversal shows the potential for a LTC breakout. If it breaks out, it will likely hit the larger support around $175, and use the current support as new resistance.

Antareo

If BTC successfully breaks out it will likely hit the next major support around $11,000 - $11,500

Antareo

BTC is still showing a clear downtrend and is looking to hit the support near $9,000. It is posed for resuming the downtrend after reaching support; however, the reversal of the short term trend shows that it may be poised for a breakout.

Antareo

While the downward momentum is slowing, LTC is still showing a clear downward movement. Will likely hit support near $160 before resuming downtrend.

Antareo

The bears are growing and the downtrend is increasing pace. I'm not seeing any major resistance until we hit the long term resistance line at roughly $5,700.

Antareo

Downtrend will meet resistance in the mid $6,300's, and bounce to $6,800 before resuming downtrend.

Antareo

LTC is current trading within a clear range. If trend continues it should begin testing support at ~$129 before resuming the downtrend within range.

Antareo

Continuing downtrend of LTC shows a potential drop to $80 before converging with longterm price trend. Downtrend expected to bounce to $140 before resuming downward direction.

Antareo

The current trend indicates a potential drop to $5k before a solid break out pattern emerging. The bounce will likely encounter heavy resistance at $8k.