BTCUSD/LTCUSD Spreadtrading

21 thg 10, 2017

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.

21 thg 10, 2017

Ghi chú

Sharing wave count. Thoughts are welcome.

22 thg 10, 2017

Ghi chú

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.

24 thg 10, 2017

Ghi chú

We are finally seeing some divergence in price between BTC/LTC.

25 thg 10, 2017

Ghi chú

We are now seeing a bullish falling wedge signaling selling pressure is wanning. We have tested the support multiple times.