I have it plotted like this because of the heartline touches. But this is LTC to the dollar on log scale overall trend. Guess what we are forming???!!! Weekly Hidden bullish divergence and Weekly Bullish convergence at the same time. Already showing a rounding bottom. And guess what just turned teal as well? You guessed it, the Gaussian channel :wink:
The gaussian channel is a phenomenal tool that I have just recently implemented to my trading strategy. It has proven time and time again on nearly all assets great success in an overall trend meaning using the daily and weekly time scale. I only use this for long positions. It doesn't work well with shorts unless its a down trend. It is dependent on the long term trend. Which is bullish for LTC, meaning taking a long here and holding for months will more than likely yield you insane gains
(Speculative Aspect) Now, to end it off with the speculative pattern atm. It is in the early stages of creating a potential harmonic. There are a few harmonics that can come out of this, but as of now, I have the more than likely outcome in my opinion to be the Bearish Crab. This means a potential shorting area at ATH's at the 1.618 fib. Can't say we'll get there yet. That is far out and we need to rely on the technicals that provide us potential moves now. But this is a pattern to keep an eye on ladies and gents!
Twitter: twitter.com/ChArtworks_TA
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg/Ety65Ft
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
The gaussian channel is a phenomenal tool that I have just recently implemented to my trading strategy. It has proven time and time again on nearly all assets great success in an overall trend meaning using the daily and weekly time scale. I only use this for long positions. It doesn't work well with shorts unless its a down trend. It is dependent on the long term trend. Which is bullish for LTC, meaning taking a long here and holding for months will more than likely yield you insane gains
(Speculative Aspect) Now, to end it off with the speculative pattern atm. It is in the early stages of creating a potential harmonic. There are a few harmonics that can come out of this, but as of now, I have the more than likely outcome in my opinion to be the Bearish Crab. This means a potential shorting area at ATH's at the 1.618 fib. Can't say we'll get there yet. That is far out and we need to rely on the technicals that provide us potential moves now. But this is a pattern to keep an eye on ladies and gents!
Twitter: twitter.com/ChArtworks_TA
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg/Ety65Ft
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
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