We are done with the extended wave 5 and we should be moving down now to the .618 fib retracement level around $51.
Giao dịch đang hoạt động
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We are still on wave 3 of this correction down. I believe wave 3 will drop down to around $59.3 then we will have a wave 4 back up into the $62's and then finish the 5th and final wave down into the $55 - $56.
I was thinking the same, hoping to jump back in around $54-55 before the next leg up. /crossfingers
TheKingOfAces
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@NadimDayoub, Its been pushing hard to go up this last hour, but RSI shows that it needs a very long break, so I am still expecting it to break down after this 3 hour run up it just had.
RelaxedAnon
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@anibal.cabral.ac, What are your thoughts if it pushes through 65 with strong volume?
TheKingOfAces
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@OiaSon, If it goes over $65 then it will most likely push to the $70's before is fully corrects done to the $48's
RelaxedAnon
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@anibal.cabral.ac, My thought was that a push through 65 would indicate new buyers have been brought to the table and would possibly indicate higher gains then 75. Thoughts?
TheKingOfAces
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@OiaSon, The things is that nothing goes straight up, it needs to correct down before gaining again. We haven't seen a major corrections on LTC since the $50, that means we will either get one now down to the $56 or get a real big one when it hits $70's.
RelaxedAnon
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@anibal.cabral.ac, I pulled out on the 27th, felt the trend showed a correction incoming sooner - been happy to see bulls sustaining this long! Thanks for your words as well as your TA. Happy harvesting.
lucky7btc.com
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@anibal.cabral.ac, They said the same thing about BTC and it's just powering along. LTC is in bull mode.
TheKingOfAces
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@lucky7btc.com, I guess only time will tell. Until then I believe in my charting analyses and trading abilities, I don't care what people say or don't say about BTC, LTC or any other crypto, I care what the charts show me.