Here is some stats around the Holidays when buyers are most aggressive. As you can see labor day comes in 2nd. Buyers tend to buy within the week to hold long positions until the end of the year. On the daily Bitcoin is in a symmetrical triangle. Could we break to the upside leading up to Labor Day? Lets see how it all plays out. Holiday Buy two days...
We are in the exact same spot from back on January 20, 2020. Could be get the same bullish engulfing candles? The next 48 hours looking bullish.
Here is a great setup for LTC on the 4 hour chart. We had a similar breakout from the ascending triangle 10 days ago. We are in the same situation. Major resistance around the $63 area. RSI is exhausted. MACD is ready to flip. Confirmed double bottoms. Target is $75 if we get the same price action.
Here is a Bitcoin setup on the 4 hour chart. Could this be the spring to send us to $13,000. Let's see how it all plays out. We are currently in a falling wedge pattern. Hopefully we can get the reversal everyone has been waiting for to test 12k again.
Look for a reversal from this falling wedge. We need a daily close about 11.5K. Still very bullish! RSI indicators are exhausted. We could see some nice price action after close!
Litecoin is at a historical resistance area. $60-$63 is the area. If history repeats itself a 4th time we have had some big move off of this area. This is a great setup for our $80-$85 target in the coming weeks! Litecoin is also on a similar path from the 2018 and 2019 run ups.
Here is a great BTC setup for a bullish ascending triangle. ETH and LTC have the blueprints for BTC's next move. Look for a 15% move in the coming days! $14,000 is the target.
Lite coin is a great leading indicator for BTC. Here is a great setup for LTC for a descending triangle in an uptrend. A breakthrough could send LTC up into the $80's. Then look for for the 20% retrace. BTC 14k target before retrace!
Lite coin was around $22 back in December/January. I made a target prediction of $125 for the day of the halving. We are not far off people. With Bitcoins halving coming up in May of 2020 I expect lite coin to stay on this bull market trend I made and ride the wave with Bitcoin. I will come out with targets for both in the coming days. Thanks,