zippy1day
Panjang

LTC Ascending Triangle

BITFINEX:LTCBTC   Litecoin / Bitcoin
545 6 8
I suspect everybody including myself waiting for a pop on litecoin, so this is what might happen?
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
Perdagangan aktif: This is a buy in anybody's books!
snapshot
Perdagangan aktif: Zoomed in nice little Eve & Adam forming?
snapshot
Perdagangan ditutup secara manual: Cut my losses as looking more like Triple Top:-
snapshot
support broke
OUTSIDE triangle now./
Balas
@cbarkly, Yes I agree it has broken support but also bounced off falling wedge so hoping this a "bull wick" and we retrace from here anything yes will be bearish!
snapshot
Balas
looks good. if btc however goes on another run we could see this formation go to shit, our trendline could also break. keep your eyes peeled
Balas
@powr, @zippy1day, Your right of course if you believe btc still coupled at the hip, I am hoping this will be broken as all alts start to rise out of phase with bitcoin?
Balas
Sorry, I'm a noob. Does your graph suggest that LTC will probably hit low below 0.010200?
Balas
zippy1day PRO RevillezaLex
@RevillezaLex, If which I believe it could be an "Ascending Right Triangle" then this is a bullish pattern and so that target which I do not recognise is unlikely but not impossible!
Balas
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