Video #2: More Details Covered in the Weekly TF Before Video #3.
List of Several Things to Watch For:
#1. If we make it to $5,900 (significantly above the 50 Week Moving Average), it's VERY LIKELY we continue up to around $6,120 and consolidate back down to the 50% FIB @ approximately $5,000 by first week of June. Then bounce back up the first week of June to push up to higher highs to the 78.6 FIB @ $7,820 along with all other coins as they pump along with Lite-Coin in anticipation of the Lite-Coin Block Halving. We could anticipate reaching the 78.6% FIB @ $7,820 by end of July and fall back down to find support just below the 50% FIB around $4,500 to begin Re-Accumulation at a higher trading range. This would be very similar to the Accumulation Schematic in 2012 that only lasted approximately 3.5 months before going up for Re-Accumulation if this were to occur.
#2. Do we make it up to the Green 50 Week Moving Average @ $5,700 before consolidation? If so, we likely come down only to around $4,260; where resistance has become support. Which means this current move up will have been our "Sign of Strength" in Phase D and the move back down to around $4,260 would be our "Back Up/Last Point of Support" (Shake Out) before heading up to the 78.6 FIB @ $7,820 with a Wyckoff Spring/Up Thrust with most other coins during the run-up just before the Lite-Coin Block Halving.
#3. If we stay parked at the 50% FIB @ approximately $4,800 to $5,080 price range WITHOUT MAKING CONTACT WITH THE 50 WEEK MOVING AVERAGE, we may likely fall back down to the 38.2% FIB @ approximately $3,800 or go slightly below the 38.2% FIB to around $3,525 by first week of June. Then in first week of June we would anticipate another bull trend back to the 50% FIB at approximately $5,000 during the Lite-Coin Block Halving Pump; only to turn back around again to test support one last time around the last week of August or first week of September. That final test of support has the potential to go deeper than previous dumps inside the trading range between $3,322.19 and $5,080.00. It doesn't have to go deeper. Only saying it can go just below $3,322.19. But we'll cross that bridge if we get there.
I need to make a pot of coffee before doing another publication. I hope this has been helpful... If you will, please take a moment to click "Like."
Happy Trading & Stay Awesome!
; )
#1. If we make it to $5,900 (significantly above the 50 Week Moving Average), it's VERY LIKELY we continue up to around $6,120 and consolidate back down to the 50% FIB @ approximately $5,000 by first week of June. Then bounce back up the first week of June to push up to higher highs to the 78.6 FIB @ $7,820 along with all other coins as they pump along with Lite-Coin in anticipation of the Lite-Coin Block Halving. We could anticipate reaching the 78.6% FIB @ $7,820 by end of July and fall back down to find support just below the 50% FIB around $4,500 to begin Re-Accumulation at a higher trading range. This would be very similar to the Accumulation Schematic in 2012 that only lasted approximately 3.5 months before going up for Re-Accumulation if this were to occur.
#2. Do we make it up to the Green 50 Week Moving Average @ $5,700 before consolidation? If so, we likely come down only to around $4,260; where resistance has become support. Which means this current move up will have been our "Sign of Strength" in Phase D and the move back down to around $4,260 would be our "Back Up/Last Point of Support" (Shake Out) before heading up to the 78.6 FIB @ $7,820 with a Wyckoff Spring/Up Thrust with most other coins during the run-up just before the Lite-Coin Block Halving.
#3. If we stay parked at the 50% FIB @ approximately $4,800 to $5,080 price range WITHOUT MAKING CONTACT WITH THE 50 WEEK MOVING AVERAGE, we may likely fall back down to the 38.2% FIB @ approximately $3,800 or go slightly below the 38.2% FIB to around $3,525 by first week of June. Then in first week of June we would anticipate another bull trend back to the 50% FIB at approximately $5,000 during the Lite-Coin Block Halving Pump; only to turn back around again to test support one last time around the last week of August or first week of September. That final test of support has the potential to go deeper than previous dumps inside the trading range between $3,322.19 and $5,080.00. It doesn't have to go deeper. Only saying it can go just below $3,322.19. But we'll cross that bridge if we get there.
I need to make a pot of coffee before doing another publication. I hope this has been helpful... If you will, please take a moment to click "Like."
Happy Trading & Stay Awesome!
; )
Komen:
Video #1: Let's Discuss Possibilities Before Indicators in #2.
Komen:
Simply posting this chart for future reference and to possibly share into the future in regards to what's seen in the indicators to look back on in the future. About to have a look at indicators in lower time frames. I wanted to delete some of the drawings inside the indicators before doing so. Hence, the reason for posting this chart here for future reference.
Komen:
Pardon the immediate update. Wanted to post this one as well without indicators for future reference.
