We've hit the peak of the spread chart and cycles are lining up with the 5th wave of
BTCUSD
. A possible pivot shift coming very soon. BTC is way too high to buy right now.
Once BTC breaks down, we may find many traders switching to altcoins.
ETHUSD
is approaching the end of its triangle wave, while
LTCUSD
is on solid support.
BTCUSD
. A possible pivot shift coming very soon. BTC is way too high to buy right now. Once BTC breaks down, we may find many traders switching to altcoins.
ETHUSD
is approaching the end of its triangle wave, while
LTCUSD
is on solid support.
Comment:
Sharing wave count. Thoughts are welcome.
Comment:
www.tradingview.com/...xGRtV-LTC-Fib-Ratio/
Just posted a new idea. The reason we can't find the best Elliott wave analysis is because it is ranging within a .382:1 ratio of the high/low spikes. I'm now considering the FIB. range posted as one FIB level. There is a lot of rocking between fib levels but the center is 57.30. I'm waiting on consolidation at one of the fib. levels to confirm this idea. A good indicator is looking for low volume and very low price changes. We are talking possibly days and weeks here.
Just posted a new idea. The reason we can't find the best Elliott wave analysis is because it is ranging within a .382:1 ratio of the high/low spikes. I'm now considering the FIB. range posted as one FIB level. There is a lot of rocking between fib levels but the center is 57.30. I'm waiting on consolidation at one of the fib. levels to confirm this idea. A good indicator is looking for low volume and very low price changes. We are talking possibly days and weeks here.
Comment:
We are finally seeing some divergence in price between BTC/LTC.
Comment:
We are now seeing a bullish falling wedge signaling selling pressure is wanning. We have tested the support multiple times.