Kbooey

Kbooey Updated 

As per the previous trade, short opened at 9700 with a stop loss of 9500, which is profit. Clearly the 8800 was rejected in order for the price to re-enter the strong support lines as shown. What has happened which is preventing the price from moving down? The fed is once again stepping in to purchase bonds and attempting to keep the stock market afloat for the...

Kbooey

for future reference

Kbooey

For future reference. This could be completely incorrect and the trend has time to adapt, but this is what HTF could be suggesting should there be heavy downside.

Kbooey

As per my previous post, sort opened at 9700 targeting 8800. Liquidity appears to be in this area and bulls don't seem very interested in this dip just yet. SPX and DOW futures have had another negative day and the open of the US markets will probably have further selling. BTC has been extremely correlated with the stock market and it shouldn't be ignored....

Kbooey

Patterns exist in the market not because someone has made it so. It's a painting of human emotion and behaviour. This fractal is just proof that it is possible to come down from a pattern that we are in. As per my previous idea. Take prof at 8800 as there will likely be a bounce here should we continue to go down and reload on the short as it bounces. Entire...

Kbooey Updated 

A few things to note about what we could be seeing. BTC is currently ranging higher on a lower timeframe creeping towards 10k after multiple rejections and there is an overall bullish rally across all markets which reflects in the majority going lev. long. As a trader I tend to observe pivots and momentum in the pattern with few indicators to keep things simple....

Kbooey Updated 

Trend is set up, news is around the corner 1200 to 1800 sat potential.

Kbooey Updated 

Lines used to help people identify the pattern. On LTF the divergence that is currently occurring is not dissimilar to what occurred previously before BTC went down.

Kbooey

Just for reference

Kbooey

Pattern similar. Volume and RSI profile similar.

Kbooey

Structurally we are still in a down trend, lower highs and lower lows. At this point, a higher low has to be put in and from there breaking previous highs (~$10k) OR we see reversal divergence which will confirm the shift in momentum as shown with the green lines from 2014. Bullish Scenario: TA (tech analysis): we have seen a 90% recovery from the price drop...

Kbooey Updated 

Time to fly

Kbooey

Ye nice

Kbooey Updated 

Bull run initiated at the end of 2015 replaying now? Retrace to 100 EMA potentially imminent (around the $6500 range).

Kbooey

Elliot wave and logarithmic potential. Also convenient that the the LTC halving occurs at the end of the parabolic move if it's sustained. Just an idea.

Kbooey

The correction today was required to continue the bullish trend that litecoin has been following approaching the halving. Irrespective of the news, it's simply following symmetrical cup where it will potentially hit $180 -/+ and fall back down to the $120 range. However in the short term, we see that LTC posted a higher low on the STOCH (red circle) which required...

Kbooey Updated 

If you have a look at the events that took place on 2017-11-02 LTC/USD The entire correction matches this one almost beat for beat in RSI, MACD and Candles. The only issue is there is downward pressure when you compare the 99 moving averages from the past and now. Other than that, variations in this pattern may be due to the volume compared to the past but the...