First we bought the absolute bottom. Sold the perfect first target. Now just retraced perfectly again. Don't @ me if your not making money.
Reward reduction coming up on Oct. 31 i guess.
Link other chart below.
To be honest LTC is not looking good at all. I am a big fan of this project but never fall in love with a coin. As long as we can't break the downtrend line we going down to the supply zones charted above. Seeing a 50€ Litecoin again is possible, depends on BTC performance. I am not adding here because imo thats not the dip for Litecoin, but always do your on research!
So ETC retraced more than expected, but bounced on trendline. Looking at this pattern for now. Should rally up to the top of the triangle and than maybe more news about Coinbase will be released as well as ETC Summit. This could lead to a breakout and finally the rally we are all hoping for.
Breakdown of the trendline will make this setup invalid.
This squeeze couple of hours ago was definitely enough to complete potential iH&S and was just needed to liquidate all the longs being opened at 6600€. I think everything between 6k and 5800 will be a good entry for new longs. Maybe pushing a bit lower to make everybody think its turning bearish again. So just be patient for the perfect entry and don't rush into...
