Hi friends! Welcome to Poop's Litecoin Update
We have successfully predicted litecoin's bottom through wyckoff analysis published in January 1 which recorded around 65% gains since it publication.
As an update, we have yet to see
LTC to complete the whole bullish move. We are still bullish at macro perspective but we are bearish short term. We are expecting LTC to make a short rally forming a 3 Tops pattern or a head and shoulders before resuming price drop to our wave 4 target in the next few days as shown in the next chart.
Wave 4 will likely fall in the previous trend resistance now acting as a support somewhere around 0.0105 level. This shorterm bearish move will likely be violent as we printed a strong bearish divergence both in the 3D and 1D chart. A good bounce from the support (our last point of support based from our previous wyckoff analysis) will send litecoin towards its wave 5 target which could complete the 100% target we originally expected for the entire litecoin bullish trend . Its around 50% move from wave 4 to Wave 5. This could go even higher once Litecoin breaks above 0.01333 which will confirm a bullish cup and handle pattern. A break out on this level could send Litecoin in an extended wave 5. This could even challenge December 2017 high in BTC terms.
Relatedly, $Storm is showing signs of following Litecoin's path. Its currently forming a huge broadening wedge formation that is also backed by a divergence signal. To complete its 5 wave move to the patter's resistance, $storm will have to make a huge 200% rally as shown in the chart below. Caution should be exercise while making an entry on this coin as it currently has below 50BTC volume at binance.
That's it guys. I welcome your feedbacks.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
We have successfully predicted litecoin's bottom through wyckoff analysis published in January 1 which recorded around 65% gains since it publication.
As an update, we have yet to see
LTC to complete the whole bullish move. We are still bullish at macro perspective but we are bearish short term. We are expecting LTC to make a short rally forming a 3 Tops pattern or a head and shoulders before resuming price drop to our wave 4 target in the next few days as shown in the next chart. Wave 4 will likely fall in the previous trend resistance now acting as a support somewhere around 0.0105 level. This shorterm bearish move will likely be violent as we printed a strong bearish divergence both in the 3D and 1D chart. A good bounce from the support (our last point of support based from our previous wyckoff analysis) will send litecoin towards its wave 5 target which could complete the 100% target we originally expected for the entire litecoin bullish trend . Its around 50% move from wave 4 to Wave 5. This could go even higher once Litecoin breaks above 0.01333 which will confirm a bullish cup and handle pattern. A break out on this level could send Litecoin in an extended wave 5. This could even challenge December 2017 high in BTC terms.
Relatedly, $Storm is showing signs of following Litecoin's path. Its currently forming a huge broadening wedge formation that is also backed by a divergence signal. To complete its 5 wave move to the patter's resistance, $storm will have to make a huge 200% rally as shown in the chart below. Caution should be exercise while making an entry on this coin as it currently has below 50BTC volume at binance.
That's it guys. I welcome your feedbacks.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
노트
Head and shoulders about to form 노트
Litecoin bullflag or 3tops? I'm inclined to think its showing 3 Tops rather than a Bull Flag. Let see. 노트
Don't mind the grammar. Typo노트
LTC Update, 2 Horn Tops 
노트
$STORM is surging in volume and is 40% up since the call. 노트
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.