Low_Pro

Low_Pro

Short 460 and closed at 432. Expecting a small rebound back near 445 before sliding off for another final tank near 400 to finish this bear maneuver... Then it's back in Bull's court.

Low_Pro

Near April Low with a Descending Wedge

Low_Pro

If it breaks up it should be powerful enough to attack the strong resistance.

Low_Pro

Will we get to a Helen Keller Low?

Low_Pro

Willy and RSI have recharged with a higher price and little downward price action. Next move should be bullish.

Low_Pro

4H willy, RMI, and RSI are all tapped out. Can't go much lower from here. And no bad news.

Low_Pro

Maybe cover from 655-665

Low_Pro

I'd put bids on 630-633.1

Low_Pro

Zoomed in from a long range chart.

Low_Pro

Now we are Back it a Full Bull market. But still have one big level of Resistance to break... $675

Low_Pro

The power of momentum...

Low_Pro

Note that All of the Crashes were news related, and the % loss has slowed ever since the top of the last bubble run.

Low_Pro

Still in the short term bear market, and overbought. Yes, even though I'm stuck in a Long I would recommend selling the upper 580 range. But I'd also be looking to buy in the Lower 570 range. I'm stuck so I can't, but if it was me I'd have BitFinex Hidden orders at $570.1 or $573.01 or maybe $576.01

Low_Pro

But note the 3 bullish trend lines. The long term from last year's crash is not broken, nor in the recent midterm Closed wick from $360, however the open wick from $340 is. See part 3

Low_Pro

I Tend to Trade in TIME segments... Long, Mid, and Short term and tread each as their own individual market. This is How I break down current price action to make an educated decision. Part 1 (Daily) Longterm) Bullish. Long Term, news is bullish, fundamentals are bullish, and the long term trend is still in play. A Measured move from a bullish breakout would top...

Low_Pro

Willy is stupid. RSI is stupid. RMI is stupid. Bullish MACD Divergence. We're at the 50% support, On a double bottom, In a bullish market, After the bearish triangle breakout, with good news all over the place.... HOW THE FUCK COULD IT GET ANY MORE BULLISH!?!?!?!?!?!?! Do we need Jesus to come down and endorse bitcoin?!

Low_Pro

If I were just trading on the Indicators I'd say to go all in right now, but the lack of selloff compared to the other patterns (75% drops) and the failure to make substantial new highs has me worried for the long term value of LTC to BTC. Could break out soon... But there might be a big sellout first.

Low_Pro

Which just happens to be the exact time of the government auction.