BethanyJoy

BethanyJoy

The Daily RSI just fell into oversold territory for the first time since September. Price action just fell to the full potential of the red H&S pattern. We are about to Double Bottom. Full potential of the double bottom will be a retest of the all time high. Watch MACD. Wait for it. Measure twice, cut once. May all of life's treasures be yours. like, follow, comment!

BethanyJoy Updated 

Black lines sketch out the ascending wedge seen on lower time frames, which seem appropriate to use since the market is moving in slow motion. We all know where ascending wedges usually go... We know it's a wedge and not a triangle because the upper and lower trendlines are both trending upwards. Triangles have horizontal or descending resistance. Breaking to the...

BethanyJoy Updated 

I've decided to look at some longer-term trends in order to determine some mid-term upside and downside levels to keep an eye on rather than try to plan and execute shorter-term trades. Fib retracement printed here is from the mid-term swing high and low. I see many patterns formed here, so I've illustrated and tagged some price targets for a few of them. Which...

BethanyJoy Updated 

If you check back into my post from last night, I was feeling a little cautious after identifying a bearish divergence, and we did fall. I sold my long position at 11.56k today and am looking for a new entry point. So here we are now. This is what I see on the 4HR. Sloppy positive sloping H&S (red neckline) broke down. We have already tried to retest that...

BethanyJoy

Could be nothing, just cautiously observing.

BethanyJoy Updated 

We are currently in between two of my historical bright blue support lines, just under the .382 retrace from recent swing high, coming to a ceiling which I expect to open up. Swing fib retracement diagonal trend line has been acting as support since the swing low that kicked off this recent trend, and I expect it to continue as support. If we fall below, watch...

BethanyJoy

Bearish divergence on RSI and MACD on 2/26 (yellow lines) raised caution for me and sure enough LTC fell from there. We are now stuck just under the .618 (white line) from the recent swing high/low, but just above one of my blue historical support/resistance lines around $205, which we already bounced off of twice this morning. Sell volume has been increasing...

BethanyJoy Updated 

Take a look at this daily chart. The lower orange trend line has been acting as support since July 2017. The upper orange descending resistance line has been tested multiple times since the ATH. It has been a slow sail back down to this support line and I expect to touch it again soon. I expect the long term trend line to continue as support and break the mid term...

BethanyJoy Updated 

I'm still a very new analyst; I don't know how to project targets for wedge breakouts yet. I expect this wedge to break bearish in the next 2 to 4 hours and will reassess at that time. Keep an eye on the lower trend line and the 21EMA on the 15 minute which has been reliable support all morning.

BethanyJoy Updated 

Convergence of 100 EMA and bottom of reverse H&S channel seems to have slammed LTC out of its latest attempt to test resistance.