Grunwest

Grunwest

LTC seems to be forming a cup and hand pattern. As we all know long term patterns are always more accurate This would also means that LTC would retrace slightly during the next few week Not a financial advice

Grunwest Updated 

BTC has touch the upper channel trendline. From there it can retrace.

Grunwest

This is kind of a rare event Usually MACD crosses before TSI-SMA(50) But right now TSI-SMA crossed before MACD on a 1H TF which I have never seen. Get ready for something big *Not a financial advice*

Grunwest

How are you? I use the TSI-SMA (12,26,50) cross to confirm a trend from the MACD Here, and compared to the beginning of the 2019 uptrend, TSI-SMA may cross above the 0 line. In this case, momentum is usually more significant RSI and MFI are both above 55 which i consider to be bullish From the end of september to mid decembre, we can also see that RSI and MFI...

Grunwest Updated 

Being in an strong uptrend and after a small retracement, LTC is gaining momentum again. Expect a sharp rise in LTC price to €75 followed by a consolidation before reaching the €80.

Grunwest Updated 

Hi everyone, Comparing december 2018 to december 2019, we can see that both point in time exhibit the same wave pattern. This could end up in a double top in the coming days where the price could retrace down to 57 euros. It would then consolidate in the same channel trend to continue its way upward....only if history repeat itself!! Volume from both dates also...

Grunwest

For the past 2 years I have been learning and trading reading a lot of articles on fundamentals and TA. There is always a back and forth between the markets sentiments: BTC is bearish, no BTC is bullish, but no, it is actually bearish and on and on and on. A lot of traders dont really know! The monthly chart for BTC tells another story. Even though, there is a...

Grunwest

These are the best stats for a long time 2019 starts good for LTC

Grunwest

Hi everyone, It seems that each time BTC hits a major resistance, price goes down to test support. Each retracement is about 50% from the previous high. According to history from the 6 last months, BTC price should drop back to test support around $6000/$6200 range. With that said, price is getting constrained more and more with smaller price fluctuations....

Grunwest Updated 

Hi everyone, Looking at the set up we have, it seems we are hitting a resistance not only from LTCBTC but also from BTCUSD/LTCUSD at the 4H TF. It has been a good accumulation phase but you can now see exhaustion with the last candle. Additionally, RSI and MACD need to cool off a bit. At the 1H TF, and from 17/08 until now we can see a cup forming...handle...

Grunwest

Even though MACD is diverging, it looks like LTC is forming a double bottom...

Grunwest Updated 

Hello everyone, Still learning Stay simple and look at the big pictures is what is being adviced. So... Looking back a a higher time frame, BTC has a long period of accumulation but we can see that the selling volume, as well as the HA candles, come to an exhaustion. I would also like to point to this idea showing that there would be way less selling...

Grunwest Updated 

Hi everyone Since mid July 2017 until the end of september 2017, RSI, TSI & MACD diverged and trended down from LTC price going up which led to the pump the following months. Since the end of June 2018 until now, RSI, TSI & MACD are diverging and trending up from LTC price going sideways. I am a newbie but I suspect that if there is no volume in the coming days,...

Grunwest

Already few days of uptrend...what a breather. All indicators at all times frames show and exhaustion I cannot see in the candles(daily, 4h, 1h). And no signs of divergences between all indicators. Volume is steady for few days now and I do not see any pattern/candles formation. LTCEUR tries to brake resistance at 119.53 while BTCUSD tries to brake the 8500 but...

Grunwest

Perfect shape, round, nice flat bottom with side way. The last green HA shows lose of momentum. CCI and TSI also need to settle a little before going up further to €108/€112. I appreciate all feedback

Grunwest

Hi everyone, Still learning and attempting to spot a bullish momentum starting tomorrow. Price found a support and is going sideways following the top yellow trendline CCI(20) is oversold at -68 and also shows signs of support along the trendline for the past 5/6 days. CCI is oversold for about a month now EOM(14) is negative (-12) which means the price has a...

Grunwest

How are you? Trading for few weeks now and trying to recognize pattern. This formation looks like it could end up as a double bottom. Does anyone agree?

Grunwest

Hi first post here.. I have been following post and chatroom for over a month now...very educational with a lot of tips and tricks. Thank you all. Bought my first LTC about 2 months ago...got 4 now...learning technicals. I am a graphic/motion designer and after looking at the charts for days and hours, I have overlaid a 4h time frame BTCUSD and LTCEUR charts....