Looks like that old support has turned into new resistance. I'm going to wait and see where this goes before making any moves. If it can break past the resistance around 0.000225 then I may enter a position.
The sole purpose of this idea is to compare the Bitcoin price action with Tether creation. I've placed vertical lines of different colors at each instance of printing. Below, you can find which colors correlate to different prices.
NOTE: This idea only contains instances from January 1, 2018 to the present.
Key:
Green vertical line: $300mm transfer
Blue...
The sole purpose of this idea is to compare the Bitcoin price action with Tether creation. I've placed vertical lines of different colors at each instance of printing. Below, you can find which colors correlate to different prices.
NOTE: This idea only contains instances from January 1, 2018 to the present.
Key:
Green vertical line: $300mm transfer...
The increasing support and decreasing resistance indicate a possible breakout in mid-december. If it can't break out past the resistance line then it will most likely fall past the support. A good buy time would be around 0.00051 with targets on 0.0007 and 0.00085.
Note: I am relatively new to this so I could always use some feedback.
Thank you.
MACD lines show a possibility of crossing and the linear regression indicates an increased chance of a breakout toward $100. Be prepared for $100 LTC some time this week. If the bulls fail to get past $94 then you may see a sudden decrease in the price.
LTC is showing a wedging in price action. Expect a drastic increase or decrease in the value over the next few days. I don't think it will reach 0.01 BTC soon, but that's the goal.
