LTCUSD Death Spiral or New Highs?

BITFINEX:LTCUSD   Litecoin / Dollar
The land of the unknown is where we are. If this guy breaks down below 178.... we are heading to the 140's . if it breaks above 205 we are headed for great things. How do you want to count your ACB correction? Both corrections line up on different fib's (one on the big and one on the smaller) but unmistakenly the channels line up perfect with the fib timezones. Time will tell. Volume in sell orders above 200's has been dropping in multiple exchanges leading me to theorize that we will break up but I am holding my chips in fiat until we know more... 205+ im buying. 177 or lower buy orders in at 146...
Komen: the rotated rectangles lined up when i built the chart... you get the idea.
. Im betting a dip now.
sacredheart279 rletzeiser
@rletzeiser, can you tell for LTC-USD from where to start the laddering of buy orders?.. 160 to 140 ?.. just want to be sure i dont miss it.. thanks in advance. you do a great analysis for LTC.
rletzeiser sacredheart279
@sacredheart279, I have 2 fib's set up. 1 @ the all time high (370 on the 4 hour) and the most recent all time low (106 on the 4 hour) . My second is set up in the most recent wave. Wave high 252 and low 106. i run my fib timer on short wave pattern movement. I use a CCI and MA200 MA50 for my movements and i day trade on the 5 and 15 min chart if i have the stomach to play the swings in consolidation. I look for reliable patterns first inside the 15 min, 1 hour and 4 hour to predict my trends. Flags, cup and handle, moons, double bottoms/tops and head and shoulders. Bake it together and you can usually make 5-10% returns in a good week in crypto..... any you make nothing when you sit on the sidelines and wait for something to play out but it usually evens out because the upside while you wait is better than hopes and dreams.
rletzeiser sacredheart279
@sacredheart279, and .286 is a bull bear line. Ill look the first .286 to see if theres a bounce... then the next and so on.
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