LTCBTC (#bitcoin) - Chart Update - Double-Bot'ed
Friends of 4xQuad,
This morning, we released a signal for a probable reversal to the downside. COnsidering that this is a relative strength chart, the decimals are not shown, so we resorted to highlight the probable target line from which we believe a support might hold.
At the current time, a double-bottom has been carved out, and we should see the floor soften up and price drive towards our target area if the predictive analysis holds true - So far, so good.
See the original chart (at time of signal release) posted on 4xQuad.com, if interested in this relative strength chart.
Cheers,
David Alcindor | 4xQuad.com
Friends of 4xQuad,
This morning, we released a signal for a probable reversal to the downside. COnsidering that this is a relative strength chart, the decimals are not shown, so we resorted to highlight the probable target line from which we believe a support might hold.
At the current time, a double-bottom has been carved out, and we should see the floor soften up and price drive towards our target area if the predictive analysis holds true - So far, so good.
See the original chart (at time of signal release) posted on 4xQuad.com, if interested in this relative strength chart.
Cheers,
David Alcindor | 4xQuad.com