We have a Demark 13 weekly exhaustion count, 5th wave 1.0 extension on EW, negative divergence on the weekly MACD and failed breakout, if we don't close above 524.61 for the week then the market looks in trouble
CDW Long Target 280...STOP close below 208.71...Good R/R ratio
So in light of the massive deviation and dump over the weekend, previous projections are invalidated. Here is a new one for $LTC
If we close above $228 on the daily chart then I think we don't look back and it's up only time.
Adding more $LTC here. Could be a little early on the bottom but will add more if we go lower from here. R/R looks good.
It's looking like $LTC will most likely push up and test $294 in the short term. Higher targets later.
$LTC potential path forward. Obviously, it won't move tick for tick but a possible general blueprint. Just speculation here.
Adding to my $ETH pile today. I believe to trend has shifted from a downtrend to an uptrend. I don't think we get really aggressive to the upside until late October.
Added to $LTC longs here. Moving off of support levels. Good R/R
IF... $LTC stays at these above $151.00 levels at the close I will be adding to my positions
$ETH heading for trendline support near $3k. Expecting to find buyers there.
Okay people, Here you go. lines are drawn. Above $235 or below $145 then fireworks. Everything in between is just noise. I have a bias towards up.
As I was saying the other day, we were entering a buying opportunity. We close above $234 we are heading straight to $300
If this bull market in crypto proceeds how I think it will(very easily could be wrong as the market doesn't care what I think) This time period now in September will be one of the few left we will get in this bull market. Probably only three BTFD opportunities remaining, this being one of them until we top out and enter the bear.
We stay above $145 I am bullish. Likely to chop around above $145 for the time being. Below $145 I am neutral.
If we stay above 42K then I think we just range trade for a while, ie most of September.