ltc-joe

ltc-joe Updated 

Black arrow, then we find out if we get a nice healthy a-b-c correction or if the bull continues (red vs green)...

ltc-joe Updated 

Just trying to figure out if there was a count that would support my bearish thesis on the ETH/BTC ratio. And there is. Probably will get a lot of flack for this one but it's just a chart : ) Yes, i'm aware of the ascending triangle break, and yes its possible this is horribly wrong and ETH explodes into an incredible majestic bull market. But i'm just not so sure...

ltc-joe Updated 

People were distracted by the silly r/btc crowd getting excited over the newest and most recent claims of a "flippening" with bitcoin...but I believe an event is coming that I have referred to as "the chikuning" It's no secret that silly bcash was the biggest winner from the segwit 2X hard fork being called off... People who understand cryptocurrencies and what...

ltc-joe Updated 

The people who bought at 80% of bitcoins market cap who do not understand what a smart contract is have not sold yet. Needs moar pain : )

ltc-joe Updated 

I think we are in wave 3 of an extended wave 5 of 5.

ltc-joe Updated 

Analysis to follow

ltc-joe Updated 

Nothing new under the sun in crypto. LTC/USD still looks great, but it has been lagging BTC/USD as I pointed out in some of my short term charts. Today there was an opportunity for the ratio and USD pair to reverse and break out...yet they did not...instead they broke down. LTC/BTC with a full retrace and LTC/USD broke a key trendline. LTC/USD could use a healthy...

ltc-joe Updated 

Why this could be wrong: -Rising wedge is typically bearish -Bitcoin overextended on all large time frames Why I think it's right: -Fundamentals (institutional buying) -Lots of dumb money will chase the price and buy into the FOMO -Lines up with the death of the clown show known as Segwit2X (not saying they won't go through with it, but the market will...

ltc-joe Updated 

Rally is a bit overextended. Is it time for wave 4 and then an epic wave 5 in November? Note while I think wave 3 is already over, price could still make one more high say at the 1.618 and the count will still be valid. Price action has chosen to explore the bottom half of the pitch fork on the daily chart, we could explore the top half : )

ltc-joe Updated 

Otherwise how would you drink it? Amiright? : ) I do wish you all luck with the double top calls, the institutions really appreciate it.

ltc-joe Updated 

The bears are everywhere. Which probably means they have all already sold. The institutions are very thankful. Going into this weekend we saw peak FUD out of china. Charlie Lee (brother of bobby lee) says that mining will not be banned. I suppose OTC 15.38% trading could still be banned, which will make things tough for miners, maybe that is the red option?...

ltc-joe Updated 

LTC/USD might lag a bit here if bitcoin breaks out.

ltc-joe Updated 

just now If you have been following you know I am very bullish on both of these pairs (can see attached ideas on both). But I thought this was interesting and something to keep any eye on. Important to remember if the chart is rising ltc/btc can still be bullish but xmr/btc is rising more % wise. I think these are the two most undervalued assets in crypto. I...

ltc-joe Updated 

Was bearish on XMR for a while, but the market conditions seemed to have changed. Very nice fake out down below support, but zooming out it just looks like a higher low, and now we have finally broken through horizontal resistance we failed to break through 3 times prior. Looks like the market may cool down after such huge panic buying, but this does look like it...

ltc-joe Updated 

Could see a bit more downside before up, China is important to ltc as well so that can be an excuse.

ltc-joe Updated 

Details are in the daily chart above. The weekly chart is also showing bearish divergence on both RSI and Stochastic RSI.

ltc-joe Updated 

Details in the chart.

ltc-joe Updated 

Great hammer candle on the daily and price now breaking above...price found support from the median line on the pitchfork...looks like the low is in to me..