The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level
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You can see that the LTCBTC has broken the falling wedge pattern
and moving in Sideway, there is 7 Resistance Level and 4 support level.
1: Resistance Level 0.00999
2: Resistance Level 0.01161
3: Resistance Level 0.01291
4: Resistance Level 0.01442
5: Resistance Level 0.01566
6: Resistance Level 0.01784
7: Resistance Level 0.0200
BITFINEX:LTCUSD this is a bilateral trade to be taken, a long followed by a short..
After a long time i see a gartley in the cryptoworld..!
Personally never trader a gartley in crypto..!! this is beautiful and if it turns out good, a potential money maker and a compounder..!
decreasing volume in a symmetrical triangle, might breakout the positive way, in that case a entry into the trade if good volume spike happens...
TO take profit at 0.618 retracement level....