croleyjon

croleyjon

I decided to try out some GANN analysis and from what I see we are still in bear territory on the Monthly and Weekly charts, so don't go all moon crazy yet. We are griding this one out and as I said on my other charts I want sideways and up as long as we do not drop below 100 which is still very possible I think until May. May we reassess. The two trend lines...

croleyjon Updated 

Well, I am seeing more and more evidence that LTC is trying to become bullish. I am not going to lie I played the dip terrible. I made a mistake and read the TA of another trader whom everyone probably knows and ended up doing a couple bad sales. What did I learn? Work my own plan, and just look at other's ideas but work your own. That being said I am literally...

croleyjon

So, this look at LTC I am adding a little flavor. I view LTC as the working class coin in crypto. It is undervalued, essential, and by gosh good looking. While BTC has it's lambo washed, LTC is forming its own new chart pattern. This is a double bottom folks on the weekly and I think we will be seeing a spike in the coming months. Not advice, just my opinon.

croleyjon Updated 

Good morning, I am taking a break from work and looking at LTC. So, here are my thoughts on what I would like to see in the coming days. MOON! Kidding, but let me explain all these lines on the screen first; from time to bottom. 1. Yellow Dotted Line: Downtrend Line 2. Red and Teal Solid lines: 2 points that of resistance in the shorttemr 3. Teal dashed line:...

croleyjon Updated 

The breakout happened on the symmetrical triangle. However, we are far from out of the woods. Sure on the 4HR we broke out above the trend line, but on the daily we are still under the trend line. The RSI needs to stay above 50-40 to confirm bullish sentiment. But looking at the price action, it looks like we are prepping for a fall. I did play this bounce, but...

croleyjon Updated 

So, it has been a few days and we have seen some consolidation occurring. For me I want to be bullish on LTC and I really do not want to see it drop below 100. However, action on the 4H is just not cutting it. We need to see a break above the 55 EMA and a green candle close. Surprisingly, that would just require a push to the 119-118 mark. But here is the...

croleyjon

Hello, I thought I would place my two cents on the table. We are seeing price action increasing, which is exciting! I see people posting bear flags, falling wedges, and etc. I almost got out of the trade last night thinking that we where about to drop to the 110s, but I saw a bullish divergence on the 4H RSI and I held strong. Now, I bet your thinking he is about...

croleyjon

On the daily time frame the 55 and 100 EMAs have crossed. The end is near!!! We are no doubt still in a downtrend, but I think 2nd and 3rd Quarter of this year will provide us with some significant gains. Why do you ask? Let's look at the weekly chart and you will see that the 55 EMA is providing significant support at the 110. Now, this does not mean that it...

croleyjon Updated 

Honestly it is a scary time. I am in an all FIAT position at this point. If you notice by my chart, it looks like we are about to have a death cross of the 55 and 100 EMA. Yes, everyone is saying the same thing, doom. But here is the reality, this is a market where one can get in for a long term position. Just imagine having 1000 FIAT to buy LTC at $100, $80...

croleyjon Updated 

Good afternoon, first and foremost I am not a professional, nor is what I am about to say meant to be financial advice. Let's look at the daily on LTC . The chart looks intimidating. From my earlier chart I posted that we could hit 150 and boy did we! However, it dropped a lot lower than I thought. I got in a position at 147 average. What I am watching now is...

croleyjon Updated 

I am not a professional so take everything I say with a grain of salt. The pattern you see just completed and as we all know do not trade until a pattern confirms. We could see a test of the low 150's if that fails we will see where it goes from there. I am shorting this from the 162.22. No bottom projection but i will only buy back if the trend changes...