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RE: 12/13/2017 The Market View and Trading Outlook
I agree, name is Richard...:).. I call it the pain game.. ETH, LTC breaks a new high, then sheds 30 percent or so.. Its a game to see how much pain those that bought in late can stand.. I picked it up on the way down at $640 which is just above the 21 period moving average on my chart.. So I'm cautiously riding it to see if we get two more waves out of it.. before the big kaboom....:) If it plays well we should see $862 before the next round of punishment. Then a chance to rebuy around $715-$750.. to early to tell now...then one more big wave.. then Kaboom.. at least that is my guess...but it depends on what BTC does.. as it drags the market up or down with it..
For DASH I count E-waves on 1-day chart. I think there party is probably over. There is not much steam left.
On LTC 4 hour chart I count to three waves, But on the other hand LTC have so powerful rocket in it's ass that this is almost unbelievable. I will not ride that thing and end up in fireworks.
Also ETH look like pillar on chart. Its already overheated What do you think?
I think LTC is done for a while, and ETH has a bit more gas left...
Yeah, maybe really. It chasing $1k mark!
Seems to be sticking to the $700 at the moment. May be good support here to build on.. been a wild ride with it all day...