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Elliottwavecorrection

LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
COINBASE:LTCUSDShort
by jwburnum
Bulls Waking Up SoonLTCUSDT has seen a very healthy correction thus far (along with all other top crypto). Lets see if this is the bottom or not. I've since changed my position from a 5-3-5 zig zag correction to a 3-3-5 regular flat. A few weeks ago I missed the top estimate, but nailed the severity of the correction (I think). This seems to confirm to me that LTCUSDT and LTCUSD has seen a complete overall cycle wave 1. This correction end point will mark the end of wave 2. First indication: The current price is jostling directly on the overall cycle .5 re-trace. Very popular reversal for wave 2. Second indication: It is riding its lifetime uptrend. While I expect a breach of this uptrend before beginning wave 3 to create a new uptrend, I still think this is a very good indication for at least an end to correction wave A as it presents a psychological border. Third indication: 1HR RSI shows large bullish divergence while 4HR RSI shows oversold breach. Fourth indication: Take a look at the -/+ volume in this triangle forming as compared to the last week. Traders are getting restless. I see three possibilities from this point: 1) Optimistic in Green - Begin overall cycle impulse wave 3 to 120s. 2) Realistic in blue - Begin correction wave B of overall cycle wave 2 to 70-85 region before beginning wave C down. I see this as the most likely due to the short time this correction has been running if it is truly a correction to overall cycle impulse wave 1. 3) Pessimistic in red - Charlie Lee is the devil and wants to watch the world burn with extensions of current down. Stop set to 40.5 in the event of scenario 3. Keep an eye on BTC as it's the one that seems to drive the crypto world. Let me know if you agree or not. I welcome your constructive criticism.
Long
by AngryBoris
Correction Over or More Drop?This morning BTCUSDT entered my projected buy zone. If I counted right, BTCUSDT just completed an Elliott ABC 5-3-5 Zig-Zag style correction. I feel like It's pretty close to being done as it appears to have finished directly on the overall uptrend line. This point also terminates wave ((C)) directly in the middle of FIB 0.618 and 1.0 of wave ((A)) which are two common and reliable distances for projecting zig-zag corrections. However, In light of China's ICOs trials: immediate customer payback has been ordered and ICOs have been outlawed. The way I see it, this could either cause more drop in the crypto market overall as money is syphoned out to cover paybacks or the money has already been syphoned out in preparation for paybacks meaning room to grow as customers re-invest into existing crypto. I have since changed my position from long to neutral and set buy/sell stops. BTC still seems to dictate the market for the majority of alt-coins. This correction ending or extending should spark similar reaction in most crypto. I'm keeping an eye on BTC to decide what to do with my alts. Please let me know if you see anything different or know something I did not account for. Stop buy will be set to 4600 with a stop loss set to 4100. Hopefully this covers either scenario.
by AngryBoris
XVG current wave and market predictionThere is a volatility within the current market strength/movement of XVG supported by the current BTC up-trending price. Keep your eyes on BTC price. Trade safely, good luck. For more info, Verge (XVG) website: vergecurrency.com Disclaimer: The market predictions and ideas I post are of my point of view and depends on what I see (according to the market strength and prices movements), it's subject to human error/price manipulation. Trade carefully, do your own homework. My twitter: twitter.com
Short
by CryptoSyndrome