BITFINEX:LTCBTC   Litecoin / Bitcoin
LTC ratio just did a strong bearish TK             cross while trading below the BB basis. After narrowing for a short period of time, the BBs are opening up -- price to the downside. Given the short period of BB squeeze, this shouldn't be that much of a drop for LTC.
good reasoning, but gosh your colors mate
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@tusila, Good reasoning. Bad call! Looks like we got a pump going on. About the colors, I was working with a dark theme, and I really liked it at first, but it might have worn out on me already. lol Sorry about that! =/
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Romeoneo simpelyfe
@simpelyfe, of course the pump was destined to happen... because we're having a breakout of ABCDE correction, mate! Good luck charting! ;)
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simpelyfe Romeoneo
@Romeoneo, This ABCDE?



The pattern usually doesn't break the trendline like that. I'm actually kind of leaning towards bull trap as this could be a fast move to .0142 if it is a trap. However, we are in an alt coin bull -- you can question my sanity for calling a bear when everything is going nuts.
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Romeoneo simpelyfe
@simpelyfe, not exactly, mate! The wave A must start at the beginning of your B mark. I dunno about LTC/BTC chart, but the USD chart looks exactly like a bullish ABCDE triangle...
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simpelyfe Romeoneo
@Romeoneo, Gotcha. Thanks!
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Romeoneo simpelyfe
@simpelyfe, thx for your efforts too! I wish you decent profits! ;)
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tusila simpelyfe
@simpelyfe, looking back - itd turned out to be a perfectly valid call 8)
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