Market report on all things crypto - BTC should pass $3k in a couple days - SegWait Over - LTC to $52

in #bitcoin7 years ago

BTC210617.png

BTC seems to be gaining some bull strength again. These few days will show us either further conviction on the breakout at 3k or weakness.

Ideally it should reach point d on my chart which is also the fibonacci extention of the previous wave before a pullback into a higher region.

This analysis is still valid from 2 days ago HERE

Zoom in image HERE

Extra forecast on LTC

LTC.png

Is the bull run on LTC over?
My analysis shows that it should have 1 more wave up into the $52 region before a 3 wave(minimum) corrective comes.
Also LTC formed a higher high from the breakout of quite a mid-term consolidation. As you can see it is a symmetrical triangle breakout. The way triangle patterns are trade is by adding the hight of the triangle to the breakout of the triangle, that will make a suitable region for take profit.
If you haven't known by now, I like fibonacci(numbers of nature), the 1.618 region coincides with the triangle pattern take profit. That region of $52 marks a very important resistance zone.

Zoom in HERE

NEWS UPDATE

India to develop crytocurrency rules

The future of Ads- blockchain ad platform

SegWait is over, majority support for SegWit2x

Usual Disclaimer

Dear steemians,
I will like to share more indepth details on how to use certain indicators, ie fibonacci ,elliot waves and many more. I appreciate it if you geniunely want to learn that, comment and let me know, if there are enough attention for that content, I will most definetely share.

For my steemians that are new here, I chart and update possible scenarios. Anyone telling you they can chart once and that will happen definetely, you have to link me to him/her. Over the years, charts to me are constantly updated as price action forms new scenarios etc, if you are trading on my chart and expecting guarantees, you will be disappointed for sure. "Triangle formed yesterday cound most definetely become a rectangle today" But I will always point out the highest probability scenario to you.

*I am not a guru...
*These chart and infomations provided are my personal view and ideas on the market, use it at your own risk.
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*Trade with money you can afford to lose, not the money you and your family needs to survive on.
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Excellent - thanks for posting. I picked up some LTC on the pullback as a trade back up to 52 by my own analysis, nice to see I'm not alone. Can you go a bit into why you see a three wave retracement after revisiting the highs? And why not a breakout beyond 52? It'd be helpful for us to learn the reasoning behind the forecast.

Hope you had a great trip! I look forward to reading your analyses :)

PS - try using the crypto-news tag, you might get more traction with it

So exciting! I'm locked and loaded! Bought a ton of coins over this past weekend.

Wow good on you! Racking in the profits soon!

I could be. The upcomming weeks will be exiting. Expect a lot more volatilty that comes into play with the newsflow.

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