I have drawn what I believe to be the way LTC comes out of this hole it's in around 139 and believe it will easily get back in 170+ range and when it does as always it will be a sudden and quick move. I think what we are about to see is the upleg of the third downwave on the longer term charts. Ltc may end up on the 200's before the last leg down which would...
So I have been saying for a few days that this run is not strong enough to keep momentum. Right now LTC is testing the lowest trend support line and still has plenty of Gaps in the chart below 188 down to 169 that I believe it has to retrace before it can truly trend upward. It has retraced every previous double bottom in the pattern down to peak in the valley or...
As you can see looking at the 4hr BTC we are now heading to the 10770 range where we should run into resistance before continuing our descent toward 7700 which will still be in the new uptrend and complete the retrace from the recent parabolic up move. We are following approximately the same descent angle -35degrees, as we did after ATH and I fully expect this to...
I posted this idea yesterday about a head and shoulder being inside a big head and shoulder and so far it's playing out nicely! IF my math is right should take BTC down around 7700 range where we should see a good bounce. Of course this is not advice just an idea. DYOR and please comment any thoughts you may have on this formation as I am no expert on wave theory....
Just curious if anyone else is seeing the beautiful symmetry this latest BTC formation has made? It appears to be a head and shoulder inside of a bigger head and shoulder on the 1h chart. I am no pro but this set up seems to point downward to between 8300 and 7700 but DYOR
