


I used a longer time horizon to account for the accumulation phase before the next breakout. Things can happen much faster or much slower than we ever imagine and my timeline could be way off.
The symmetrical triangle that LTC has been forming over the last few weeks should make a decision either later today or early tomorrow by my count. Unclear which direction it will move but keep an eye on the pivot point and which direction the volume flows. I'm leaning bullish but keeping a tight stop.
A break is imminent but unclear which direction it will go. Keep an eye at the pivot point and where the volume comes in. I'm leaning bullish but keeping a tight stop.
When we zoom out and look at the monthly, we could have completed Wave C of the Elliott Wave. If this is the case, we are currently on Wave D which ends between 2k-2.5k before an epic bull run up to the ~100kish area. Much more data is needed as we are at a pivotal point at 10k.
Possible Elliott Waves - Potentially on Wave D to E?
Take a look at the 3 highlighted areas. We just completed the 3rd identical one, look at the following 4hour candles from there and the path it headed.
Taking a look at the 4-hr chart, it's been consolidating nicely. About to meet the bottom of the upward trend line from the dip into the 80's.
The pattern that I am noticing is that BTC finds a new bottom every 2 months dating back to March. March 24 May 25 July 16 September 15 November 12 If we follow the same pattern, BTC has the potential to reach the new bottom sometime in Mid-January. Is this the top and we will trend down until that point? Possibly. Will update as we move forward.
On the hourly, ETH looks to have bounced off the bottom of the upward trend line. We will see if volume follows.
With 4hr RSI almost oversold
LTC daily uptrend, two separate channels, but notice how it climbs along the bottom trendline.
Last time this happened it went from 80 to 400.
MACD Cross possible happening on ETH daily. Last time it happened ran from 80 to 400. 4 hours until confirmation.