Buyer's Beware: Litecoin has shown a very strong H & S pattern. I expect it to reach this newest resistance line before continuing to fall through the entirety of 2018.
Stay away if you're trying to make bitcoin profits. USD and USDT still ok.
In order for this breakout to MOON we need to see OMG Cross this resistance. Volume still really low comparatively so use caution. I think BTC still has some legs left.
This is a follow up to my post about OMG's Head & Shoulder Pattern from 10/05/17. As you can see from my original post, OMG did reach target of .0012 (slightly below actually) and has since bounced pretty nicely, even reaching .00155BTC.
I'm not convinced we are in an uptrend yet. I still think we need a week or so to confirm. I'm of the belief we will see BTC...
*****Please note*****
I am as bullish as one can be on BTC over the long term (year+). When referring to the short term, I really mean a period of about 3-6 weeks. This is my first attempt at using indicators to analyze charts.
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My fundamental trading principals are to use the MACD as my default trend indicator. Once I see a move across the long...
