SuperJ163

SuperJ163

Quite a beautiful falling wedge we got here. Look how the support line corresponds with old resistance lines back in June, July and August.

SuperJ163

Maybe a little too many lines but I think the chart is pretty self explanatory. The recent red candles with high volumes have pent up a lot of energy. Which will need to be expressed. In all likelyhood too the upside!

SuperJ163

After the break out we now have the retracement. In this case it's in the shape of a pennant, a very reliable continuation pattern indicating that the way up isn't over by any means. Resistance at 0.0067 will probably be broken within a day or two.

SuperJ163

Looks like Factom needs some more time basing after dropping out of the symmetrical triangle formation. Will go lower (at least 0.00187, perhaps lower even) before it goes higher.

SuperJ163

The falling wedge that's been in progress forever just broke out on the hourly. Same for the resistance at .0064, LTC/BTC going a lot higher in the coming days.

SuperJ163

This falling wedge is looking increasingly bullish. Will probably break out this weekend.

SuperJ163

Litecoin dropped sharpley vs Bitcoin with the Brexit vote. Combined with the good technical picture vs fiat and the yuan downslide this is looking quite interesting.

SuperJ163

A triangle is a well known pattern. More often than not it is a continuation pattern which would seem logical in this case. Falling volume while nearing the apex confirms. Fundamentals would also justify a bullish position, turmoil on the currency markets isn't over yet (look at Brazilian Real for example) and leads people towards Bitcoin.