hendrik87

hendrik87

i think litecoin is in a very big accumulation zone. the ltc/btc is much more important than the ltc/usd pair imo. This one shows the real potention of Litecoin. in wyckoff theory the preliminary support always fails. i have pointed this out in the red box. After the failure it resulted in a selling climax, what also indicates the lower boundary of the trading...

hendrik87

hello ladies and gentlemen, I want to point out my analyses based on the wyckoff strategy. We are now in Phase A of Wyckoff. In this phase the downtrend will stop. we had an sloppy preliminary support. This support always fails. When this fail we reach the lower side of the trading range. the lower side of the trading range coincides with the selling climax. The...

hendrik87 Updated 

i think bitcoin is in a big distribution range. I pointed the trading range out with grey lines. In the middle you can see the equilbirium, what coincides good on the 4hr. You can see that the preliminary support was the last level before the trading range began. the buying climax was at 10300-10500 with an automatic reaction. alle the way back to the lows of...

hendrik87 Updated 

i think ltc is forming a possible double top. there is a lot of restistance in the 141 to 144 area, the volume is very low and also litecoin didnt drop yet or made a healthy correction. if this does play out, i think 118 wil be a good target to close the trade. also on the ltcbtc chart litecoin cant make higher highs, that indicates to me that it will drop to the...

hendrik87

bitcoin is in between a triangle possible fall to 3750. In the bigger picture the movement of the last 4 months were continueing, so it could formed a big bear flag. if it fails to go lower at 3150, it could be a possible double bottom. if bitcoin goes only to the support of the traingle, maybe things change

hendrik87 Updated 

we could be up for a major move to the downside. I think ltc is forming a ascending wedge. The whole uptrend of btc and litecoin is more corrective than impulse. so we will probably go down in the next week. This upside action could form a double top or correcting more upward instead of impuls. for Btc there is also a major resistance.