BlazingAzn88

BlazingAzn88 Updated 

Medium term trend analysis based on Distribution Schematic #1 of the Wycoff method and that the possibility that the ~6200 high was the end of wave V of EW analysis. Please read the stockcharts link below to understand the labels. In terms of signals, long term wavetrend analysis has been oversold and has been displaying bearish divergence since May. The RSI has...

BlazingAzn88

This is a fractal examination and extrapolation based on @Haejin_Crypto's videos. This isn't really technical analysis, but rather just a comparison. I do agree that the likelihood of it hitting this low is unlikely, but I'd like to see if this chart ages well in the future. This is not trading advice. *reposted due to an error I caught.

BlazingAzn88 Updated 

This is the LTC/USD 60 minute chart for Coinbase. We're still moving up, following a bullish channel for LTC. We're currently retesting the 38% (~$43) Fibonacci line. A retest is indeed healthy and provides support for future bullish movement. If the successfully tests the 38% Fibonacci line, our next target will be the 61.8% fib line (~$49). So as long as LTC...

BlazingAzn88 Updated 

Currently, I can't say if the trend is bullish or bearish; there are too many mixed signals. Fundamentally speaking, BTC looks like it has >80% miner support and the market is becoming less afraid of the possible August 1st fork. This can be seen in price action throughout the market. The price action lately has also been very rapid. A lot of emotional trading has...

BlazingAzn88 Updated 

Currently LTC has been following the top of the bear flag channel. Probably bolstered by both BTC news and Monday trading FOMO. However, I believe that there is still good probability that LTC will go down from the current prices. It should at least test the bottom of the channel once more before a bullish breakout should occur. If it doesn't test the bottom of...

BlazingAzn88 Updated 

Litecoin has been doing well in terms of LTC:BTC ratio, staying between 0.018-0.020, however bitcoin is expected to decline to at least 2000, with a low of 1500. Momentum and FUD is strong, but I expect a rebound from the major currencies (BTC, LTC, ETH) by August 1st. The segwit2x event will most likely be a non-event. The major event to focus on is the hardfork...