rletzeiser

rletzeiser Updated 

A gartly bat pattern is forming in MMM. We can see the it will line up with .5 fib level as well as the exterior of the downtrend channel. Confirmation of the short will be a rejection around 209-211. Entry position 207 after rejection. Profit taking @ 191 and 185

rletzeiser

ETH is going to finish the correction over the next few days. BIGGER PICTURE: Small scale h&s forms to form the right shoulder of an inverse H&S on a larger scale that formed Feb 1 of this year. My theory is that we are north of 1k by mid June. It would appear we are completing a large wave one after this correction. Short: 600 or 540 level which i would be...

rletzeiser

MMM in down channel and will need to break 210 with a candle daily close above the 618 line. If this does not hold Planned short to 178 Right above the .5 fib line.

rletzeiser

A bullish harmonic pattern has formed on the 4 hr for 3M in the first of what i suspect as a 5 wave correction based on the length of the bull run. look for profit taking at 230 and a short from there to 200.

rletzeiser Updated 

Rejection of the top if the channel of resistance on the 15 you will se a very healthy up-trending head and shoulders pattern forming that will take us to new lows. this coincides with fractals that have formed.... every green and red line has been a copy paste... buying targets at 129. ill add a zoomed in chart to the notes to see the pattern to show that we...

rletzeiser

Zoomed in chart

rletzeiser

zoom out view

rletzeiser

A nice narrow channel is forming headed to .786 fib line with a ton of converging triangles. Its breakout or death. Make sure you have your buy orders setup for the st. pats reversal. Pray to ole st. pat himself that there is gold waiting for us at the .786... May we have the luck of the Irish on our side. a little history lesson on "The luck of the irish"...

rletzeiser

IF we see a bounce at 167 to the upside I believe we are correction complete. if it drops below... to 141 we go.

rletzeiser Updated 

I have watching this like a hawk waiting for some sign of upside. If this plays out we are sure to head towards the 250 mark.

rletzeiser

a clear neckline with head and shoulders has formed on the LTCUSD 15 min chart might bring us to new low.

rletzeiser Updated 

The land of the unknown is where we are. If this guy breaks down below 178.... we are heading to the 140's . if it breaks above 205 we are headed for great things. How do you want to count your ACB correction? Both corrections line up on different fib's (one on the big and one on the smaller) but unmistakenly the channels line up perfect with the fib timezones....

rletzeiser

A bearish Pennant has formed on the 1 hour. We are likely to see another downturn in LTC USD before we see more upside. target price on fib is 162-157

rletzeiser

Every time this thing looks like its about to move it turns into a narrower and narrower consolidation range. The unknowns of upside downside are enough to make me sit on the sidelines until a break above 217 or below 203. A bull pendant waves with little confidence. I think the move we see will be totally dependent on the other ALTs. BTC goes up I think LTC...

rletzeiser

LTC looks like another double top with bear flags showing up all over the chart and a head an shoulders pattern headed towards the neckline where litecoin falls apart on the 4 hour. My guess is we are back at the .786/.618 with a target of 162. The fib time and retrace are all lining up. Low volume coupled with a bad litepay launch has failed to produce a...

rletzeiser

I have been trying to make sense of the double tops and bottoms we have been seeing. False breakouts, MA above and below and above again. I looked at the pattern on a macro and micro level and it looks like 2 cup and handle patterns baked into one another. I am neutral right now to see how this turns out but I am staying in until we see a dip below the 50%...

rletzeiser

Matching up longer term fib with short term wave 3 projections...

rletzeiser

Long range play for LTCUSD wave 3 to start after 50% retracement.