This is very helpful, but for new followers -- I think we need another video for LTC given where we are 2 days later on Dec 18. Does anyone else agree? Thanks -- learning a lot and LIKING these vids.
JN9797
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@Wave-Trader Really great video - I spotted this happening as well a couple days ago with the bull flag forming together with diverging RSI and MACD - my position is built in at circa 265 - now we have another flag built in the last 12 hours - a little more downside - I think the price now is 299 ish... this current flag is a little more bearish than the last - but BTC has been moving aggressively up in this period as well gunning for 20k / BTC. Whats your current thinking on this second flag formation and further consolidation?
RabeaWahab
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Awesome thank you for the analysis, consolidation is still happening and After that the break out is coming.
Belcara
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very cool...following you now!
mikehill85
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Very cool video. I searched it because I saw that reversal setting up yesterday morning. Do you think the shot up to 600 will still occur or is there a new pattern forming? After the breakout yesterday morning the chart seemed to go laterally. Up and down on an hour to hour basis but around the same average of ~$300.
212mmb
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@mikehill85, this is major consolidation in my humble opinion and the next break up will be big, perhaps as late as Monday, after CME launches BTC futures
mikehill85
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@212mmb, Yeah, you could well be correct. To me it looks like something could happen this morning, in the next few hours. The potential is there to drop or go up.
TheDudeForex
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holy shit 600 would be great!:o
farter
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Awesome analysis my friend. I've only recently entered into both trading and cryptocurrencies; I find myself getting less and less sleep every night. refresh, refresh, refresh..... :)