alskdj

alskdj

This is it! The most optimistic Litecoin chart ever. I could have drawn a straight line to 400 but that would have been boring. Levels A B C can be major resistance areas. Fib have their own role. Fat ugly yellow sloped line can be problematic resistance.

alskdj Updated 

Here is update version of my attempt to identify when #BTC market gets overheated and or when we hit the bottom. It seems to be accurate in the past. Will it hold up? Lets find out. Any questions or ideas for improvement? Added fibs and few interesting R levels. Assuming we keep going for a while, it's a good probability those levels have a role to play.

alskdj Updated 

Attempt to identify when BTC market gets overheated and or when we hit the bottom. It seems to be accurate in the past. Will it hold up? Lets find out. Any questions or ideas for improvement?

alskdj Updated 

This is just a latest version of As you can see, we are back where we started. Same follow/fail pattern keeps repeating over and over again. Selecting the latest low or high and plotting the lines on both chart - its that simple. It's a good and simple way to confirm other signals

alskdj Updated 

Cant make it more simpler than this :) I am using a 4 h chart but any time frame will do. This is really simple way to see where the possible decision zone or price is. If one (or 2) moves above/below the R or S line but the rest refuses to follow, there is strong probability for the change in direction. In this particular case, if ETH and or LTC wont make it...

alskdj Updated 

BTC is in the decision zone again. If "A" fails on weekly, we will see "B" and if it holds, "C" and above are highly probable. No need to freak out over lower time frame wicks. Weekly time frame is the key here. HTF trends are harder to reverse.

alskdj Updated 

Weekly bitcoin channel and few interesting R and S areas + 50/100 SMA

alskdj Updated 

If it follows its wave pattern, upward breakout is highly probable. That last bounce off weekly S (red line) is also positive move.

alskdj Updated 

I am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates. Most of those Fibonacci price projections are from the previous TA I published last week (). Those are still important and have a major role on this giving hints. We are at the zone one right now. Kinda obvious what needs to...

alskdj Updated 

For short term, those to areas/levels (green and red box) are really interesting for me, at least. If the first resistance (red) level is NOT broken, there is a good probability this turns into a 3 dive pattern (see comment with a 4h chart) and hysteria fulled selling will continue for a while. If red level gets smashed, the next important R is at the area...

alskdj Updated 

Fibonacci price extensions are similar to Fibonacci price retracements. It is also support and resistance indicator that is used to determine possible support and resistance levels. Again Fibonacci retracemnt, Fibonacci price extensions and Fibonacci price projections. Left side is just a zoom in to 15 min and right side shows a bit bigger picture. I am looking...

alskdj

Previous chart (), with exact same data had strange problems, where some values are double or not visible ) A short term outlook for XBTEUR ( Bitcoin ). Pale pink boxes show are Fibonacci price extensions looking for possible support if move is to south. Green'ish boxes are Fibonacci price extensions looking for possible resistances when moving upward. Fib...

alskdj Updated 

LTC failed to push above 140 and took a dive expected. If 133/134 develops into support - new attempt at 140. If this S fails, direction is to the south, 129 and 125 are back in play. Expect stop hunting - Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many...

alskdj Updated 

I find those levels interesting because those are Fibonacci clusters - where multiple fib's line up. Marked with green arrows. Expecting profit taking, if smashed, look at the next and or update analysis and see what's up.

alskdj Updated 

This is just an updated version of s3.amazonaws.com Of course, all this is just probabilities and if someone fat fingers a trade or whale bot pukes, it's all out the window. There is a high probability for some resistance at 8919.5 and if this is blown, next can be at 9388. Good chance is, this can cause a correction... or not. I'll just pay a bit more attention...

alskdj

So, this is how Litecoin S and R's on weekly chart look like together with Fibonacci.

alskdj Updated 

This is from 07.June where R level at C worked as expected. It should be self explanatory so I'll keep it short and sweet. If 115 fails to hold, there is strong chance to hit 91 level that popped up from a rather sloppy and now invalid 3 dives pattern. As it's a bullish Gartley, expect upward momentum from D. The red fat R at 115.28 is from weekly chart. If...

alskdj Updated 

This is actually from 2 weeks ago. I almost disregarded it after price shot over the last predicted resistance level but now it looks as we are back on track and probably go trough a correction. If this plays out like that, expecting similar move in BTC and the rest.