SUMMARY
We discussed in prior blogs how the uniformity of sentiment across cryptosphere is outputting patterns and Elliott Wave counts with a very high similarity index. We also covered two types of the patterns that keep showing up: Bullish downward pointing symmetrical triangles and bullish cup & handle formations. We've also seen how these can breakout like geysers! E.g., ZEN, VERGE, etc.
I'd like to add a third type and this has been shown and introduced several times already but fits well into raising the similarity index. That is the "Jaws of Wealth"! And Litecoin (LTC) is crouching directly on such a pattern.
The below chart shows a broadening price pattern. It's very bullish because trend, pattern and Elliott Waves all point to an impending surge towards the upper line of the broadening pattern. It'll be a site to behold and the other week we got a peek of how LTC can surge when it almost hit $70! This was just a foreplay! Target is $150 for now because of the "Hurry Up & Wait" syndrom of cryptos and in the upcoming impulse, LTC will most likely hurry up the waves and tag the upper line pretty quickly. Video has more details! Enjoy!
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Please review these Tutorials on Laddering! and Buy/Sell Setups!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
It looks like most of the altcoins are going through cup and handle.
UMMM CAN ANYONE SAY........NAILED IT!!!!!
I was just moving some funds around, and I use Litecoin for that over bitcoin and ethereum (on major funding sites) for it's speed advantage, and price consistency.
Before I traded up, I was looking at the charts, and they were looking good. So what did I do? I went right to the blog to check the latest analysis to confirm my studies. Sure enough, @haejin was reading the same thing I was, and showed it in detail. I got in at the low last night at 100% buy, and then, just as the video shows....to the TEE, Litecoin blasts off from the bottom line and breaks upward.
PEOPLE PAY ATTENTION!!!!!
That's a quick $200 bucks just for watching the time frames, making good counts, and comparing them with haejin's....THEN GOING TO BED!
You can't beat that with a stick. This man is on fire over here!
@crypto-bot is only going to make things easier for us followers!
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@scarlet7 Good to see you back! :)
Glad to be back, and now IN COLOR!!!! Posting images is kind of important when you're looking at chart analysis. Below level 10 and no pictures for you!
Very informative!
I'm going to watch closely Litecoin in the coming weeks ;)
I wish you MASSIVE profits. Also consider viewing these blogs that can help entry and profits:
https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
have to watch closely..LTC has been ups and down
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What an interesting post. I Will keep close eye on on this crypto. Thanks for sharing. will be following you.
Thanks for this info. I'm laddered in.
I have loaded my portfolio with lite coins and waiting for it breakout a
It's better to diversify into multiple coins.
I have a diversified portifolio with Bitcoin, Ethereum, Lite coin, Neo, Straris and Electroneum. Major allocation is in Litecoin to about 35 percent.
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