Hello Everyone, Looking at LTC on the 4 hour chart I have drawn out the downtrend line (major resistance) from the ATH in Dec in Purple and the uptrend line (support) from the ATL in early Feb in Green. Right now LTC sits above the .23 retrace in red which is a major support and will result in LTC continuing a downtrend for the long term if broken. Looking at the...
Hi everyone, BTC still remains within the main bearish channel marked in blue. Fortunately we are seeing a small uptrend, marked in green, as we approach the upside of the main bearish channel. I think we will begin to see heavy resistance beginning at 11,800 due to the 1 fib level in grey. Past this point we approach the main downtrend channel, which will also...
I think we will see volume increase at the .286 fib, if we bounce here then BTC has a shot of breaking the main channel once again. If BTC falls below the .286 BTC we are headed to the major support line. I'm still learning how to do proper TA, I am not suggesting trading advice.
Let's see what's in store for BITCOIN! Major decision point, will bitcoin break the main channel or retest the .236 fib?
Hi everyone, I have been invested in crypto for a few months now, recently I have been trying to understand more on technical analysis for the crypto market. This is my first post, so by no means am I suggesting any financial advice, and please feel free to correct me. Now that we are briefly settling after a beautifully awaited spike in LTC, I see two...