nagihatoum

nagihatoum Updated 

this channel breakout gives a bullish momentum upward. the breakout from the larger channel (purple) will push the price to $140 depending where it breaks out.

nagihatoum

I am going to be brave and announce the Alts season. I got some slack for calling bottom on LTC 10$ higher, a couple of days ago. So Alts/usd popping, Alts/btc pairs rising, BTC/alt ratios dropping, BTC market dominance dropping. Sorry for all those who sold their alts. All charts are for LTC and sorry for Charlie Lee, LTC never going to hit $50

nagihatoum Updated 

it looks like we are in a downward channel. The completed bullish bat pattern lends support that we will bounce back up to the top of the channel. The rest of the forecast price action is just a theoretical intellectual exercise.

nagihatoum

This is why price has bottomed at $86, sorry Charlie Lee.

nagihatoum

Hopefully it will go up and stop dropping.

nagihatoum

RSI bottomed and rising MACD crossed

nagihatoum

Price action touches each trendline 3 times. Target is 5.1k if it breaks down now, but will go further down to 2k if you follow my previous ideas.

nagihatoum Updated 

If LTC stops dropping and breakout of the handle (blue curve) target will be $274.

nagihatoum Updated 

A reflection of a downward channel support with a completion of a bullish bat pattern. This might turn super bullish. Other Analysts that use moving averages, support and resistance levels are very bearish on LTC. I prefer channels and trendlines, price action usually reflect of them more often than fibonacci levels. Let's see how this play out.

nagihatoum

I am ultra bullish on Bitcoin, but all possibilities must be investigated. I don't want to be Hodler. I want sell at the top and buy at the bottom and it will be nice to buy cheap coins. A look at the monthly RSI from the previous bear and bull market shows it follows a curve (Blue), with RSI periodically touching the curve. If the same curve is cloned and...

nagihatoum Updated 

A pattern that I observed ad nauseam in BTC , is what I call the W pattern. The likelihood of this pattern completing has been very high and the trend after completion is usually bullish . I am ignorant of what harmonic pattern it fits, and if someone knows please tell me. I know this pattern only from repeated observations in the price action. LTC bounced of...

nagihatoum Updated 

Short term drop in BTC and or a greater rise in LTC.

nagihatoum

It is the opinion of some that the halving of LTC has already been priced in because of the anticipation of the event. However current price action and trendlines shows similarities to price action and trendlines prior the last halving ATH. Trendlines now are steeper, suggesting a higher ATH in a shorter period. I am also of the opinion that the price will not...

nagihatoum

The downward trend might complete the blue and yellow harmonic bat formations. The likelihood that the patterns are completed is usually low. Harmonic patterns are traded after they are completed. But in the event that any of the pattern is completed there will be a change in trend upward. The trend now in BTC is generally bearish especially after breaking out of...

nagihatoum

For all intent and purposes, this is an intellectual exercise. I don't know if harmonics apply to dominance data. But it seems pattern is completed and dominance is dropping.

nagihatoum

today's rejection at around 13.2K reinforces the upper trendline of a downward channel starting at the 2018 ATH. The fractal is from the price action just prior to the dip end of 2018 and after. The fractal is just for illustration. My argument for the crash to 2K, is based on the inorganic exponential growth of the BTC price. This exponential growth results...

nagihatoum

I am just listing some bearish observations, a bearish bat pattern just completed, heavy overhead resistance that rejected the previous high, and a rising wedge (the red lines). Otherwise BTC is overly bullish, and can go parabolic. If it drops, these are the reasons.