Hello again fellow traders of THE magic internet money! Now that everyone on planet earth is aware that BTC is about to get hammered by a death cross, lets go against the grain and attempt to save our decentralized daydream from the bear's grip (at least temporarily). BTC has almost made it to the bottom of the red zone of this well respected fib channel, where it...
Bitcoin has broken out of its falling wedge, and is trying to make a move upward. Watch for a boost in volume to confirm upward movement. The timing coincides nicely with litecoin's bullish breakout of the ascending triangle, which occured after Litecoin had to pull back from it's initial inverse head and shoulders breakout to grab bitcoin and wake it up from it's...
Litecoin broke out of an inverse head and shoulders, and proceeded to pull back into an ascending triangle, which it also broke out of. Measured moves can be seen on the chart at 240 and 252. Just in time for Litepay, but does the chicken have wings? Hopefully it will not reject. It has the difficult task of pulling the entire market up with it. Fly Chicken, Fly!
Bears strong, bulls experiencing flashbacks. Had a weak bounce off of the bottom of the downtrend channel at 7.5. Currently skipping down the bottom of the downtrend like a rock on water trying to maintain its last bit of momentum. If it doesn't find land on either 9.6 or 9.3 it could sink hard. Scalp only zone, locking in profits on every bounce before...
