Interested to see the comparison from 14 after dropping below weekly 50ma.
Look at the resemblance of the MA's, always cautious but could see us hitting the .382, seems far from here- but playing the current trend.
I think we have another pump up to the red zone. If volume keeps decreasing thats where I plan to short.
Just overlayed part of the 2014 fractal, interested to see how it plays out.
This is a fractal on the last leg of the 6k drop. I'll be shorting at 9.8
The next daily candle should give us a good understanding of what we're in for. I think we'll fall through on the turn of the 12 hour cloud. But I am watching for a green daily that might get us to tap the major trendline/daily cloud. Either way I believe we are dropping down, just not sure if we get some local highs beforehand.
2 hour cloud showing dragging down through the 4 hour. Expecting 8800-9200 range.
Just wanted to point out the BTC VWAP trend. Would expect a 10% drop in the near term, followed by a new ATH.
Plan on breaking below the current channel with low volume, will pass top resistance (103) once we get more volume and that should replace the current support. If playing short term would sell if we go below 92. If long term no worries unless the long term uptrend breaks (orange)- highly doubt that happens, LTC is the healthiest chart in crypto.
I'm long, but trade some short term. I have two support lines I will sell at if crossed, 10.5 and 10. Don't set stop-losses at those points, don't sell exactly on those points either, wait for confirmation that they broke- 10,387 for example.
Testing my trendline but stayed above support. Moving my supports up as we go along. Will sell 25% at blue and 25% at red, holding the rest long.
Looking to bounce off blue, if not next support is red- if it breaks red I'm selling.