On the chart we can see a few interesting things - bullish triangle was invalidated, Fibonacci retracement level is near an important support. On the fundamental side there will be 2 more forks on Bitcoin soon - Bitcoin Pizza, Bitcoin Cash Plus, which support shorting LTC. I drew buy zone, where I would like to buy some nice number of Litecoins :)
It looks to me we could have head & shoulders on BTCUSD. Volumes are now pretty low, market is slow, but maybe it could be interesting to do some short-term short trade. Im happy to hear your opinions. Of course in mid and long term Im bullish on BTC.
After a sharp reversal we can see clear correction. As IOTA is fundamentally interesting cryptocurrency, it is a good idea to wait on the sidelines for lower levels to go long. I intend to buy IOTA cheap and hold long-term.
I recognized the triangle pattern on LTCUSD suggesting that LTC could break the support. However, my pattern was invalidated and I see that as a clear sign for long trade entry. When we compare it to BTCUSD, we can see the correlation.
We can see a clear bullish flag on chart. With a RRR 1:2 it looks like a promising trade - in 1/2 of TP I plan to move my SL to break-even.