I'm looking for another low around the ~$5,000 area to complete this correction. Watching to see if this move gets above $7,800 and for a 5 wave impulse to turn more bullish but it looks corrective right now. Still in same range for LTC/USD correction as stated in my previous post.
invalidated count. looking more bullish. will try to update tonight
ivoray
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It seems some of the altcoins, like NAS and SNT start to break BTC dependance. Any thoughts ?
cryptowaveman
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@ivoray, I haven't been following those specifically so can't talk about them in detail. In general though, if these altcoins are showing divergence, it is a sign for me of increased probability that a bottom is soon or in place. Also, I saw some divergence with litecoin and bitcoin last week, but appears to be following pretty closely right now. Overall, I typically like to analyze a chart by itself.
ivoray
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@cryptowaveman, thanks. I will follow your posts, I feel you understand that game.