str/btc xlm/btc 15min closer look updated.... Looking at this STR/BTC-XLM/BTC pair I see we have came below the 50 day average. We will likely continue down to support level 832... The Death Star has reported to buy here and look to close again when we reach the top of the channel. Its possible it may not even go down to 832 as Bitcoin is appearing very strong. This is our primary indicator, Bitcoin,,,, This is all pending of course as long as BTC continues to cooperate as this pair is following BTC perfectly.... xxvaderxx
LTC-BTC
LTC ATH vs USD but lagging BTC SHORT LTCBTCPoint : In a similar set up to ETHBTC things have recovered well vs litecoin over the last month or so but to me the price action doesn't look bullish but rather a breath of fresh air for the bulls until the bears drag them back underwater. The RSI indicator has given us lower highs and lows in congruence with price, so I expect a big drop shortly because that's what happens next with RSI like that. MACD is bearish and gives no sort of buy signal. So with no areas of prior price discovery in this range (gap trade) I think it's safe to say the nature will consume this void and we hit about .003 or so. We can use a weekly close above .01 as a stop loss.
Counter point : Can't do it. Everything looks very bearish to me. Need to see a good close above .01 to think otherwise.
Hot pattern & big down LTC/BTCmy idea 100% $LTC down,it is 1W chart,this pattern head & shoulder chart patterns,what is your idea?
LTC in front of strong breakoutI expect it to rise a lot in upcoming days.
Some correlated news:
twitter.com
www.financemagnates.com
Fundamentals:
Litecoin is the second oldest and most robust cryptos. Age is very important in cryptos, like in banks. It proves reliability.
Litecoin is faster than BTC, and BCH, thus if speed is a factor as BCH folks claim, LTC wins over BCH.
Litecoin has 4x capacity of BTC.
Litecoin has very low fees.
Litecoin is nimble in development. It implements new and well tested tech readily.
Litecoin will be part of the second layer LN revolution together with BTC.
Litecoin is pretty well known and accepted next to BTC, and ETH in most places, if more than BTC is accepted.
Check related ideas for more info.
LTC Cup and Handle FormingAfter the smart money realize the BCH has been a manipulation by whales, the money that leaves (and continues to leave BTC) should head into other altcoins.
LTC particularly looks bullish. Cup and handle should pan out over the next 12-18 if it holds the pattern.
LTCETH Battle for Altcoin Supremacy Coiling for BreakoutI personally think we will break up out of this wedge because Ethereum still has tons of ICO cash to liquidate but I hold both so whatevs. Play the breakout. Good luck.
LTC to 70s and Beyond?Red circles show that the flags are nearly identical in shape. Before LTC rally to 69.8 we saw the same flag. We are sitting on the next ride up to complete the second smaller flag and then the smallest flag a total of three flags. That is what it looks like. If Bully BTC doesn't get in the way, here is the likely path.
This trade will be valid if the trend continues. Close trade if LTC goes lower than 62.
TARGET 1: 70-72
TARGET 2: 77-80
Retrace to upper 60s
Happy Trading LTC fans.
No Bottom in Alts Yet.. Look at all those ETHLongs! Short AltsThe long alts trade is way too crowded. This needs to capitulate before an actual bottom occurs. Stay long BTC and short alts.
ETH to 295 BEFORE ATHVery quickly, as the chart shows. ETH has been having a tough time getting over the resistance of around 316. It has flirted with the level for a few hours. I believe there is a hidden Bullish Pennant right here. For this reason I am going to name another Dip on ETH to 295-300. That will be the final dip before liftoff. Get your tickets ready. Trade safe if you agree with this forecast. Those who are trading BTC and LTC this will follow as well with ETH .
ETH BOTTOM 1: 295
ETH BOTTOM 2: 300
Happy Trading!
Starting to compress around big support SHORT LTCBTCWe're starting to see a intraday bear flag forming around key .01 support, not good for longs. I think we make more flags before dropping big but it could happen at any time. To switch and go long LTC, I would need to see RSI break above 60 (it's been below that since early Sept) and price go above the falling trendline. In that scenario, I would wait for a retest of 60 and price trendline then exit short and go long. Otherwise I remain short. Good luck.
ETHEREUM (ETHUSD) - 1D - Trade in profit...If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: ETHUSD
Time frame: 1D
This is such a great example of how the MACD works when making the "cross-over" the centre line. Quite ofen you will see the two EMA's on the MACD indicator pushing closer to the centre line without crossing over and declining. When this happens and it is close to the centre line you will see a big push up and a move over, which we have just seen! Now that Ethereum is moving across the centre line it will continue to do so until, the two EMA's are clearly above the centre and historic average "the red bars".
Also note how I have drawn ot the Bollinger Bands and what I think will happen, quite often you get contraction and expansion of those bands, almost like it is breathing!!
LTC - 1D - Further DownsideIf you like this idea and commentary leave a like and follow me to get all of my updates :)
Underlying: LTC
Time frame: 1D
I do not normally post ideas on cryptocurrencies but I am looking for my application of MACD and Bollinger Bands to apply here. Currently the MACD has shown LTC breaking down. At some point the two EMA's will cross and turn positive, however I do not feel this is going to happen just yet. We will see another leg down to the 34 - 38 area.
I will wait to see how this unfolds as I don't normally apply MACD and BB to crypto's.
See you at $38 or lower? We broke under support and the 6 month long uptrend line yesterday. Today that old support line became the exact resistance line that we could not break. We're going down down down, should expect a bounce at $38 as it's right above the next fib level which I have at 0.382(not on this chart). We hit $33 on the last drop but was quickly brought back. I believe $38 will be the $33 of the last dip.
IF we get some momentum and more volume, we could test resistance again around $50, but I'm leaning move towards $38 than $50 as I believe it'll be easier to drop now then re-test.
Best wishes as you mitigate risk and capitalize profits!
Also I'm on the team of an up and coming new Crypto Group, check out this intro video and check out our free group on Facebook.
www.youtube.com
Super Capitulation Move Incoming? SHORT LTCBTCSo the RSI and ADX are pretty concerning and may be pointing to some sort of super capitulation move in the works. The RSI has broken down out of a falling wedge, which to me says capitulation move incoming. Then looking at the ADX its still gaining and DI- is pointing up and wants more. I'll be getting long LTCUSD at some point, but I'm not even dipping a toe in the water right now. The freaking daily RSI and ADX have barely even budged this thing could get way worse before better. I love litecoin I'm a longterm bull but this just looks bad. Looking at the daily chart, we have supports around 29,17, and 4. I don't know what's happening but I'll be watching that 4HR RSI and ADX to see when maybe we have capitulated. The bottom will probably be fast and rebound hard. Good luck with all that :)
An Important Crossroads SHORT LTCBTCLooks like we are at an important point here. It appears price has formed a giant wedge and will be breaking out of it soon. A couple factors that lead me to believe it will be down, looking at this 4HR chart. The first is the RSI is below 50 and is meeting the 50 line resistance and it's downward channel resistance. It is possible it breaks out of both the price wedge and RSI channel to the upside, in which I will stop out and re-asses the situation and probably look to get long. However, the ADX line is starting to tick up and it looks like we might be starting a new trend to the downside. Couple that and a negative RSI setting and I think we are getting a nice signal the breakout will be down. So, I'll be holding short and monitoring all these things closely, always ready to go bull again if it looks like the selling is done. Good luck.
LTC USD1) We wait for move down , retest supports and if support will hold we put long
2) In case will move UP now is absolutelly important to close above the line , it will means move to rezistence area and there if bounce and close weakly below we put short time , sell .
For move UP need LTC still close above resistance levels on H4 -Daily better
"Horror vacui" Natures abhors a vacuum. -Aristotle. SHORTThe physics postulate holds true with markets of all kinds. Thin zones like to get filled. They also serve as support and resistance as we saw a nice bounce when price tried to fill the thin zone the first time. Really I'm just looking at that expanding ADX trendline and DI- and I'm just not ready to call this anything close to a bottom yet. RSI is pointing down again and I still feel like even though that was a big bounce it wasn't the big capitulation move I think is still coming. Thin trading zones await below us and while the ADX is pointing up I have to favor (some of) those zones getting filled. I'd rather be short my little ETHBTC and LTCBTC -1.99% plays right now and be patient before I start using my main capital to buy back because no one can say with certainty what's happening right now. However I am absolutely a long term bull . Making a positive case for the future, we can see DI+ has been in a falling wedge all year, and when that finally breaks out it will be pretty massive. DI+ is close to the bottom in that wedge . It will be pretty crucial to watch and make sure it bounces there because if it busts through the bottom it might get ugly. Just wait until our ADX starts to roll over before even thinking its a bottom and watch the DI- to break its rising trendline . Good luck trading (or sitting like me).
Breakdown! SHORT LTCBTCFinally getting some breaks of our major trend lines. Price has broken its uptrend and has hit our first target of .015. RSI is at the bottom of its range so we might be at a very short term bottom and I'd bet we test .015 as resistance before going down further but I'm not taking profits yet. What I'll really be watching is our 4HR ADX and DMI indicators, because the ADX is looking like this is just the beginning of a much larger trend. I want to stay short as long as ADX is expanding, when it starts to roll over is when I want to exit. On the daily chart I previously posted there were some targets that are all still valid if you want to take profits along the way. It looks like we have to keep our bear hats on for a while, good luck out there.
Bear Flag on the Uptrend Line is Trouble SHORT LTCBTCLooking at price and the ADX line we can see the trend is compressed and ready to expand. As to which direction, it seems to be down, based on price action and RSI. Price has formed a bearish flag on support which generally means we are going down. Looking at RSI, we can see it has already broken its steep little uptrend. The stochastic is almost high enough to kick in a sell program and the DI-/DI+ doesn't really tell us much except there isn't much of a trend right now. I can't really gauge how big of a move this is going to be (.015 looks like a good initial target) but if the ADX starts expanding just make sure you are aligned with the trend. Good luck.
