We shall see, to me it mostly depends on how fast LTC/CNY can break 55.5 CNY...there is huge upside above that level. If that doesnt happen by this weekend/early next week then it might have to wait for ltc/btc to test .00585 before clearing this level (55cny). Stay tuned, even if the ratio falls lower in the near term that does not rule out the double bottom, see the wick on the candle that started the 13' run, could get something similar as a shake out before the big rise.
코멘트:
Looks like a diamond bottom on the 2h:
코멘트:
No diamond bottom, but .007 has held so far so still okay, a strong close under that would be real bad but I don't think it's likely as LTC/CNY has held up okay through this dump in BTC/USD, but we'll see...
코멘트:
No double bottom, chart invalidated, but bullish picture still alive till we spend a meaningful amount of time below .00585 (in other words not a quick flash)