What a day! Crypto Volatility. We see price attempting to close below the Cloud on three candles failing, Now the fourth one is currently also fighting to stay above support. In a normal market, these long wicks would scream for longs, but since the situation is extraordinary one has to be cool and wait if bullish, to make sure a reversal comes. One of the first signs would be a close above the 254.50 level. The upper inside of the Cloud will be natural resistance from here. Technically impressive wick showing plenty of buying power below the Cloud and around the 200 USD mark. A candle close below the Cloud may spur further downside though.
Yeah, I am in general agreement. LTC broke below my resistance or so I though of $260 price range and dipped ridiculously low to $200 for only seconds!!! If it continues to dip down into this weekend, I will definitely BUY! Only because I know where its going in 2018! ; ( I'm sad right now, but I will be VERY HAPPY in another month or two!
CapMoore
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@iknoxred2012, With the pace things are moving a month seems like an eternity. Volatility attracts money, the cap will grow and with that price, I predict all things equal (i.e no government banns etc.)