Bulls Make Money, Bears Make Money, Pigs Get Slaughtered

30 mar 2018

Alright so I'm going to start off with this is my very first chart. So with that said lets get into this.... I have drawn in green the resistance/support lines from previous dates to help guide what could possibly be next. In Light blue i have channels of previous Elliott Waves to help guide the next wave up to form the Double Top from the current Double Bottom scenario I have shown in front of you in yellow. within the next few days I am hoping to see a slight decrease in price to the 106 resistance line then to head back up (hopefully by that time the BTC cup and handle scenario will have worked itself out) but from there we will start the upward bullish Elliott scenario.

Now i know its hard to stay positive in such a Bearish market but hopefully the bear hibernates soon and we can start seeing some substantial gains.

So with the VERY first line of text in this here description, I said this is my first chart.... constructive criticism for future TA is always welcome and this is not advice on whether to buy or sell what you currently own... or dont own... just my opinion on what could possibly happen to this coin.

Happy trading everyone




Zoomed out future

4 kwi 2018

Uwaga

4 hour chart to get a closer look at what's going on.


Ok so the price didn't quite make it to the 139 that we were hoping for by today... was about 3 dollars short of it or so. Update time though I don't usually call both sides of the chart because I like to stay positive but this seems necessary and I want everyone to be prepared. its fighting to try and bounce off of the 120 dollar resistance line and we technically closed above it this morning at 4am on the 4 hour chart. If LTC can possibly stay afloat we could see the upward trend I'm showing in the daily chart into the wave 1 of the Elliott Scenario. If it fails to close above that 120 dollar range then we will see the dreaded death cross within the RSI Indicator which will force LTC to see a decline in price between 108 and 106.

If we fail to see the bounce there then we will continue into a downward trend heading to the 80 and possibly the 70 dollar range

Best of luck trading will keep this post updated as best as I can.

6 kwi 2018

Uwaga

Update 4 hr chart


Well.... unfortunately x marked the spot. The possible cross of death from my previous update turned into a definite cross of death we are heading to the pit of despair and most likely the 106 to 109 dollar range. Could be another opportunity to get in as it could go up from here or as you see from this post it could continue to plummet to the 89 to 91 dollar range. BTC is still not playing very nice and as we all know all these alt coins do potentially like to play follow the leader.

I've added the fib scale to this screenshot this time to show that we are hitting a .618 mark from the last bull trap. As well as the RSI Indicator.

Hopefully we see a bull market reversal soon as we are seemingly closing in on what looks to be the bottom of most coins. (This is not advice to buy or sell but personally I will be buying some at 109 to secure incase.) Use caution when purchasing on these drops keeping in mind they could potentially keep going as the Bears are strong.

Again I will be keeping this updated as time continues thanks to everyone who liked it shoot me a follow if you like my posts.

-CryptoLeroyJ out!

19 lut 2019

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