Short post--
Based on my analysis LTC has just about reached a local top again so I have entered a short position. I think we will see a test of 400 because of hype and round number psychology.
However, I see a huge RSI divergence on the weekly chart, daily chart and every hourly chart down to 1h.
Let's see how it pans out. My price target is in the 240's. If...
Seems like the pattern continues as described in my previous ideas (linked below)
I don't think that this drop is quite done yet. We have seen BTC hit 47k again and LTC wicked down (at least on binance) to 205.
Based on the bear flag breakdown, I think we will revisit these levels and hit that oversold RSI that I mentioned in my previous idea at around the...
Only because I was spot on on my last idea, I'll offer this one as food for thought.
The last 3 cycles I denoted in this post all had a top > bear flag/pennant > bottom pattern on the 2h.
Each of these cycles had an overbought RSI followed by a harsh correction, and then a oversold RSI followed by another bull run.
Right now I believe we are in the flag...
Hi all,
I've been digging around in TA for a little bit, but of course with the whole crypto space being what it is nobody actually knows what will happen so happy trading and make your own informed decisions!
I try to trade by patterns and some TA indicators. This run has been awesome! I am looking to up my LTC holdings through some well timed buys and sells....
