shubbs

shubbs

My Elliot Wave analysis shows all the counts are in and the downtrend should be over now. Bitcoin has broken bullish with an impulsive move to the upside today.

shubbs

LTC has broken to the upside virtually every time UP in this formation this year. It should break UP either tomorrow or Tuesday since they usually break about 75% of the way to the apex of the triangle.

shubbs

Wave (5) is now in progress for LTC. The first two minor waves of this wave are complete. This is the beginning of the third minor wave. It should be fairly significant. The 1.618 Fib extension of the the first two minor waves could be hit in the third wave to $153.

shubbs

4th wave should be complete; 5th wave incoming; it should be a big wave up especially since the halvening is in August. Last halvening in 2015 LTC went from $1 to $9 pre-halvening then corrected to $2 to $3 after the impulse. A similar move this time would be $22 in Dec 2018 to $180 in the next 2 months followed by an ABC correction in the summer back to $60 to $80.

shubbs

Litecoin has pulled back significantly from $100 a few weeks ago. It is near the 38.2% Fib retrace of the move in early Feb to early March which was wave (3). Also the 50 dma has been providing support for LTC the last few months. I'm expecting a wave (5) for LTC to take it higher than $100 in the weeks to come. CrypotoSavy has a target of $121 which lines up...

shubbs

Bitcoin is likely in a new bull market. I am expecting this impulse wave to test $6000 as resistance in Wave 1. Wave 2 should retrace a good portion of the gain since $3300 in February. Wave 3 should break $6000 after one more retest of $60000 as resistance. I'm then expecting a move back to $6000 as support. $10000 will provide some resistance. Eventually...

shubbs

In 2015 Litecoin went from $1 to $8 in June-July. It then went into a long sideways consolidation move between $2.50 to $6 all the way to March 2017 for almost 2 years. Something similar has just happened in Litecoin this year as it has spiked from the Dec 2018 low at $22 to near $100 this week. I've illustrated that this pattern could be repeated. Litecoin...

shubbs

In June 2015 Bitcoin's price rose over the 10 and 20 wma's. The 10 wma then crossed over the 20 wma. Bitcoin's price then in the next month rose to the 50 wma, about a 50% move. Now in 2019 Bitcoin's price has risen again over the 10 and 20 wma's. The 10 wma is about to cross over the 20 wma. Bitcoin's price looks like it may rise to the 50 wma in coming...

shubbs

Litecoin (LTC) on the long term weekly chart is replicating the sideways consolidation move of 2015. In June 2015 LTC went over the $3.15 50 wma significantly and later came back to the 50 wma as support. LTC is now approaching the 50 wma again this year at $67. If it goes over it significantly and then retraces to the 50 wma as support, it tells me the...