I'm bullish LTC long-run but for very short-term trading LTC presents good opportunities when we are in a clear trend.
Right now BTCUSD is in the midst of a correction. It's my belief that this trend will continue for at least a few hours. As long as BTC is still headed down, LTC should follow / lead the way.
If we see a break of the hourly lower-high +...
My friend asked where TSLA's recent correction would likely stop. It looks like $280 - $300 has strong support (orange box). Tee $280 level has been tested multiple times and $300 is a strong psychological number. Cloud support is moving in, so we should see a reversal of the correction and a continuation for the long-term bull trend.
BTCUSD has finally completed the Wave 5 part of its short-term and mid-term Elliot Wave cycles. We are now is part A of the ABC correction. Historically corrections have coincided with the 0.5 - 0.618 Fibonacci levels and horizontal support from the previous ATH. Looking at the current cycle, we see that around the 0.618 Fibonnaci level there's good psychological...
We experienced an extended Wave 3, so here are the "textbook" retracement levels for Wave 4. Probably look for a vertical resistances and confluence to find the exact level where we're headed.
Sort for Wave 4, long Wave 5.
On the weekly chart we are at Wave 5, so I am curious to see how the ABC correction will be this time.
