Like every other altcoin we are looking for the last upmove.
This is very similar to Bitcoin, Ethereum and so on.
Due to a bull trap, we may even reach a target of just over $ 170, which is common in the 'E-wave', but I would not risk that scenario.
Bình luận
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Again a big mistake... I think I just should sleep for 2 hours. Just look at the left chart, ignore the second. The second chart is from top to bottom wrong.
You are right we have the same idea, sorry about that. Seeing your idea the first time.
Thought everyone is bullish at Litecoin, so it makes me happy to see that some people aren't blinded :)
SteveMaglio
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@e55, Hey my friend thanks for explaining :) That's actually very cool! We might speak some time :) Take care
galactictourist
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bull trap based on what evidence?
Snuby3
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Update...
bitcoinwizard1
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I believe that btc could go to 1600-2000$ based on nasdaq chart comparison, you just getting confuse on time frame, its really dificult to be acurate on price action in lower time frames.
E557
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@MichelMery,
Yes i think it will do it. We re still at wave 3 and this wave can only go to $2000. Wave 5 will go to $1500
Bullissimo
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@e55, Im thinking BTC's wave 3 has ended (from 17200 all the way down to 6000) and now we are forming wave 4. Because wave 2 was rather long (11k-17k) we could see a relative short wave 4 (6k to 9-10k). Could be that wave 5 could start any moment taking us to 5k-range. Just my two cents...
Bullissimo
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@Bullissimo, But wave 4 can go higher thou, 11k (a retest of the wave 1 low) is not unlikely althou in a short time frame it seems that BTC is starting to keel over (first time since 6k bottom that a peak didnt reach a new high).
pschuett
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@MichelMery, Based on Nasdaq comparison I expect a first drop to 5.400 USD. Then a bounce back to 7.600 USD. After that rebounce a final drop to 4.264 USD (or below) is very likely.