BankBoy

BankBoy

I don't know what's going to happen, but this one's got those good vibes. When dip?

BankBoy Updated 

After yesterdays huge surge, we are heading back down the tracks today pretty steadily, with a huge drop possible if we get below critical support of $144. If you notice we are stuck in between the major lines of support and resistance in green. We popped out earlier than I thought, which had me cautious and watching the "danger" zone for a possible test of the...

BankBoy Updated 

We find ourselves on the other side of the great downtrend resistance after we were rejected from it a few ideas ago. After pushing through and riding up and rolling down, a larger picture is emerging. Our ascent between the orange lines is clear. Keep a steady eye and paint your profits between the lines!

BankBoy Updated 

We currently are chugging up the tracks in an ascending wedge pattern between the two red lines. Our last drop from 166 was a doozy so brace yourselves for our next attempt at breaking through the major downtrend resistance line in green. I'm thinking we get one more roller coaster drop from around 157 before we hit the launchpad of converging green lines and...

BankBoy Updated 

You all know how much LTC has taught me. The technology, markets, and cultures all swirl together and I have had my ear to the tracks. Right now we are looking at a small ascending wedge (red) as we climb the channel between the orange lines. Based on my calculations it looks like we are poised to land at the major downtrend resistance line upon a breakout from...

BankBoy

Patience is the key to riding the roller coaster that is Litecoin. Right now we are in a critical area as we are chugging up the channel between the orange lines. It was overbought around $157 when it sold off, and now we are heading back up... we will be dropping down for another ride soon, probably once we test the downtrend resistance from the ATH in green. ...

BankBoy

Ok, so here we are zoomed out of 15 min, on 4 hr chart. You can see we have bounced off earlier trendline in green, broke through recent downtrend resistance in aqua, and have broke through the next resistance at 137 black dotted line. Our next target is to meet the upper downtrend resistance from the ATH and will probably be rejected back down to form the lower...

BankBoy

Looking closely at LTC. Obviously we're following in the wake of BTC and whatever she may do, but focused in here on a higher high, higher low pattern on the 15 minute chart. Coming on the heels of the breakdown of the bearflag at the range between $127-$129, I've watched this badboy stair stepping all the way to heaven. The ascending wedge is coming to a...

BankBoy Updated 

Here's the point where I completely lost faith and sold out of spite. How'd I do? Pretty good, I made some money... but in the end I realize I should just have more faith in myself and follow my own advice. It's all there in the charts.

BankBoy Updated 

I was watching this ascending wedge and then saw a mini fractal version and the pressure builds, you buy a gift, you're hoping that your dread will lift. I wished I published sooner, because I doubt y'all will ever believe me, but all was drawn before the candles landed. Any way, my analysis was ascending triangle pressure cooker, explode to my target of 175. ...

BankBoy

My good friend Litecoin is back at it again, forming an ascending wedge off of the recent low around 106. We are looking to break up out of the 169 area that is current resistance and make a move for 175 where I think is my short term profit goal. Boom, we take profit, jump back in after a small retrace towards 160, and then we shoot for our fabled 217 mark.

BankBoy Updated 

I've learned a lot trading LTC. It was too emotional trading BTC. Here we encounter the upper resistance of our current downtrend. If we break that green light things will go bonkers at least until 160 fib point. We reassess there and if it keeps going my next profit target is going to be $217.

BankBoy

What a roller coaster. I documented my journey through my trade on this graph. It was quite a ride. In the end I realized it's important to be patient and wait for the market to let you know what's going on.

BankBoy Updated 

Just following LTC run up on the fifteen minute chart, watch for higher highs and higher lows. This is my first time using a stop loss and I'm going to keep moving it up as we go to lock in my profits.