TheTrex

Litecoin (LTC/BTC) - The Matrix Revealed

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BITFINEX:LTCBTC   Litecoin / Bitcoin
The future and the past, the elegant dance of two creates the present. Welcome and good luck with trading ;)
Komen:
One rule, if it leaves the triangle it will break out big down or up.
Komen:
Litecoin will be heading to 0.01555
Komen:
Komen:
Thinking we will find strong resistance at 0.01555-0.01600 and make a handle on this cup with yellow lid before going up higher.
Komen:
Could be heading to 0.016895
Komen:
To further understand my claims, have a look at this older chart. Where the yellow line was also a crucial uptrend line. This one will act as strong resistance now.
Komen:
I repeat target reached of 0.016895!
Komen:
Red bars are fractal overlay of previous flagg. We should consolidate at this point.
Komen:
To be on the safe site, I would short here. This could turn into a massive H&S pattern and still resistance at these levels.
Komen:
To support my last comment. LTC has been very bearish after each strong rise (I & II) and the ABC correction showed almost no big up to B. It is wise to exit or short here and have a look if this goes really up more.
Komen:
Log-Chart that also says shorting is wise.
Komen:
Update on Litecoin. Normal correction should play out after 3 successive waves, even reached the utmost zone of the large triangle. Target points are in the chart
Dagangan aktif:
The trend should stay in the triangle.
Komen:
PERFECT bounce at bottom of triangle. Nice!
Komen:
Looking more and more like a massive Heads and Shoulders.
Komen:
Have a look at the picture I posted on this feed 1 Sept.
Komen:
With I, II and III :)
Komen:
LTC outside triangle.. Bad.

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