LTC - I got one LTC in my pocket, the other one's giving high 5

31 Jan 2018

Stumbled upon some LTC. I'm deciding to keep it in my pocket for a while. So why not share my decision with the community on Tradingview?
Target 1: $750
Target 2: $2000

This is OccultMagnetism. Read about it at occultmagnetism.com
youtube.com/watch?v=CUjIY_XxF1g

1 Feb 2018

Nota

Zoomed in:

1 Feb 2018

Nota

Look. Bounced exactly on a supporting ring and went back to the last supporting trendline at $143.9.

1 Feb 2018

Nota

This is good. It gives strength to the Fibonacci pattern that target 1 (at $750) is a part of.

1 Feb 2018

Nota

Zoomed out a bit more:

2 Feb 2018

Nota

Hitting next trendline...

3 Feb 2018

Nota

8 Feb 2018

Nota

Filled up. Trying to break above 200 hour candles moving average (blue line).

9 Feb 2018

Nota

Blew through the moving average... Rocketing towards the next ring (marked in red) where another significant moving average (purple line) is hanging around. If it move above that level and is stable I think the LTC will get his strength completely replenished, which should result in a full blown bullish move.

9 Feb 2018

Nota

OMG there moving averages are so good to use together with OccultMagnetism... I'm two times more sure about stuff in general it feels like. Without OccultMagnetism moving averages are like a limp old man. They are practically made for eachother.

12 Feb 2018

Nota

steemit.com/@logicaldeduction

14 Feb 2018

Nota

There will be a noticeable resistance at $190 level.

14 Feb 2018

Nota

14 Feb 2018

Nota

I think this sudden big rise in LTC is very temporary thing and that it will will retrace down again (base on looking back in time how it behaves when it rises it's not a normal rally). I think this rally is delusional. Also we have the $190 level that it hasn't reacted to yet (marked in red in the chart above).

Note that this is not trading advice!

14 Feb 2018

Nota

In the long run the target is still $750 and $200.

14 Feb 2018

Nota

$2000 (not $2000)

14 Feb 2018

Nota

....... not $200.

15 Feb 2018

Nota

youtube.com/watch?v=Kw1yA4dS70U

15 Feb 2018

Nota

I think it will retrace to $190

20 Feb 2018

Nota

LTC is fond of my trendlines.

22 Feb 2018

Nota

Now it has visited $190 again.

1 Mac 2018

Nota

6 Mac 2018

Nota

Hitting a support at $190.

6 Mac 2018

Nota

Looks like it bounced exactly on hte support.

29 Mac 2018

Nota

11 Apr 2018

Nota

15 Apr 2018

Nota

Will it continue to go sideways for a while?

15 Apr 2018

Nota

Clearification: I see a risk of it getting stuck in this stream pointing to the right... This would not be a good thing because of the packed (small distance between) rings at the right end of the purple arrow, meaning it could even go down after that. So we'll see if it gets stuck in this "steam" of trendlines or if it manages to break upwards.

17 Apr 2018

Nota

If it continues up it is likely to top at $166.6

24 Apr 2018

Nota

$164.8 pretty close.

24 Apr 2018

Nota

It can still go both ways. I don't know. It's just a resistance there.

25 Apr 2018

Nota

25 Apr 2018

Nota

5 Mei 2018

Nota

Resistances marked in red, support in green.

9 Mei 2018

Nota

My LTC pattern is now completely invalid. LTC is ignoring the rings. I suspect I will come back with an analysis for LTC after the summer. LTC is moving sideways until August (probably).