This is daily chart so don't expect fast movements.
Thoughts:
Although its not precise, this Harmonic shape can be a BAT or maybe into a Shark pattern if it drops more.
On the weekly chart, there is a morning star at the bottom with a green weekly candle does indicate a potential reversal
There is confluence with the BTC.D Dominance chart where its indicating further BTC D. % drop to come.
RSI formation and level agrees or support with the theory.
How much... I labelled the key support\resistance levels along with matching FIB. retracements.
Note: LTC/USD is looking bullish as well (from C to D)
Raises the question: Does this mean BTC has further drops to go, 9K or 8K range?
LTC/USD Daily Chart:
Thoughts:
Although its not precise, this Harmonic shape can be a BAT or maybe into a Shark pattern if it drops more.
On the weekly chart, there is a morning star at the bottom with a green weekly candle does indicate a potential reversal
There is confluence with the BTC.D Dominance chart where its indicating further BTC D. % drop to come.
RSI formation and level agrees or support with the theory.
How much... I labelled the key support\resistance levels along with matching FIB. retracements.
Note: LTC/USD is looking bullish as well (from C to D)
Raises the question: Does this mean BTC has further drops to go, 9K or 8K range?
LTC/USD Daily Chart:
Uwaga
LTC\USDT chart update, not much on the BTCdaily pairing Uwaga
Be aware as there is a bullish div. in the making on the 1 hrly chart for BTC dominanceUwaga
Uwaga
1 of 3 target level's reachedUwaga
Daily candles hit resistance as per chart. Consolidation to take just below this line for the next move.Uwaga
LTC/USDT chart progress...Almost hitting my target, point D. I do acknowledge that further price increase is possible but that is depending on timing of BTC action. The longer BTC goes sideways, the more price gains is there for the ALTs.Transakcja zamknięta: osiągnięto wyznaczony cel
Got the LTC\USDT call perfect. How this reflects on the LTC\BTC pairing was off in terms of target. However I see this as successful because I was using LTC\USDT as the primary means of measurement. As for the next level target as per this post, it will be after this consolidation BTC period as LTC has hit a strong support level.Uwaga
Keep your eye out for the weekly 21 EMA for LTC\USDTUwaga
Chart updates:Transakcja zakończona: osiągnięto poziom stop
I called LTCUSDT correctly however it did not translate well into BTC pairing. LTC is still in a bear market and hence further loses are to be expected. With regards to BTC pairing, the formation was correct but the results are unexpected.This indicates that LTC is becoming a shitcoin expecially if it drops more.
Weekly LTC\BTC pairing
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.