FUTUREBOYCOLIN

LTC Irregular Flat A wave near completion

COINBASE:LTCUSD   Litecoin / Dollar
Seeing Irregular/Expanded Flat fractals in the corrective structures of LTC.

The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO             LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive correction I think is incoming for BTC             . It may end up amplifying the 5th of this C, and cause it to bottom near $106. Overall though, this corrective structure is exceedingly long, and I think will last until June at least.
Kommentar: It's possible we see something like this over the next few months:
Kommentar:

Looks to be reaching the bottom of the 5th. Hit mighty close to that $98 level, and briefly broke the bottom of the CC. I would expect LTC to start making moves up over the 50RL now. The red volume spike at the depths of the sell-off signals bottoming behavior.
Kommentar:
Longer and shorter term Bullish Divs on the %b
Nice. On the biggest scale do you think we are putting in the end of a 2nd wave or 4th?
+1 Antworten
@johannwolf, That's a hard one. My initial takeaway is that we're going to enter a 5th wave. There's no doubt that this is all within a massive 1st wave. I don't think it's the 2nd wave yet. There wasn't a move that felt like a true macro 4th on the climb from $100 to $420. Looking at the gator on the larger timeframes, it seemed like evrything fit within the same degree wave.
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