blacklabtrades

LTC/USD - More Room For Down Before Up

Short
BITFINEX:LTCUSD   Litecoin
What I've charted out is the 5 wave subset movement of a greater 3 wave. Markets often reward patience. I believe there is more room for downward movement and the opportunity for better entries before starting the greater 5th wave up. Safe entry target of $125-$150 with final PA target of $495 around the 1.618 extension.
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