Short

LITECOIN UPDATE!!! ALTCOIN UPDATE!!

HEY WHATS UP TRADERS!! IM MAKING A CALL THAT THIS IS A TREMENDOUS SHORT OPPORTUNITY!. IF YOU LOOK AT MY CHART, YOU WILL SEE THAT LITECOIN HAS BROKE DOWN OUT OF AN ASCENDING WEDGE. THAT ALONE, AS PER CLASSIC TECHNICAL ANALYSIS TELLS ME THAT WE SHOULD RETRACE DOWN TO THE $122 AREA. HOWEVER I SEE SOMETHING EVEN BETTER THAN THAT! USING FIBONACCI, ELLIOT WAVE AND WATCHING VOLUME CAREFULLY ON BULL MOVES AND BEAR MOVES, I NOTICED THAT WE COULD POSSIBLY BE IN THE MIDDLE OF AN ABC CORRECTION. FROM OUR HIGH OF $186 DOWN TO OUR LOW OF $112, I NOTICED 5 CLEAN WAVES DOWN ON ALL TIMEFRAMES. 5 WAVES ALONE CANNOT BE CLASSIFIED AS AN ABC BUT ONLY AN A WAVE. OTHERS ARE CALLING ALL TIME HIGHS, SAYING THAT WE CORRECTED ALREADY. I SEE SOMETHING COMPLETELY DIFFERENT. GOING BACK TO 2017 USING MY SECRET LINES, THE CONFLUENCE OF THIS ABC CORRECTION MATCH TO THE TEE. ALSO, THE $84 CORRECTION WE HAD FOR OUR A WAVE WILL USUALLY BE THE LENGTH OF OUR C WAVE FROM THE TOP OF OUR B WAVE AT $156. WHEN LTC SOLD OFF AT $156, THAT WAS AT THE .618 FIBONACCI LEVEL. I ALSO NOTICED THAT VOLUME WAS LOWER THAN NORMAL ON THAT MOVE TO $156. WAVE 2'S LIKE TO SELL AT THE .618. I ALSO NOTICED AS WE SPEAK RIGHT NOW THAT LTC IS FAILING TO NEGATE THE BREAK OF THE ACSENDING WEDGE. IF LTC CAN'T BREAK $152.70 THAN THE TARGET OF $122 IS DEFINITELY IN TACT. IN ORDER FOR AN ABC CORRECTION TO BE BE VALID, IT HAS TO HAVE A 535 SEQUENCE WHICH IS 5 DOWN 3 UP AND 5 DOWN. A CORRECTION IS NOT JUST 5 WAVES DOWN WHICH WOULD NEGATE THE FACT THAT $112 WAS THE BOTTOM OF THIS CORRECTION. A BREAK ABOVE $157 WOULD NEGATE THIS WHOLE IDEA, MEANING THAT WE ARE IN A 535 SEQUENCE UP FOR A DEEPER B WAVE THEN A CORRECTION DOWN. IF BULLS ARE STRONG ENOUGH THEY MIGHT WANT TO PUSH LTC UP TO .786 OR EVEN THE .886 TRYING TO FOOL EVERYONE INTO THINKING WE ARE GOING TO THE MOON. GOOD LUCK GUYS AND REMEMBER TO ALWAYS SET YOUR STOP LOSSES WHICH IN THIS CASE WOULD BE AROUND $158 ON A SHORT.

mfariello

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