Aussiegann

Litecoin Date Forecast and Potential Double Bottom Target - Gann

BITFINEX:LTCUSD   Litecoin / Dollar
In my last idea I forecast a major low using repeating time and price ranges.
The market found support at the critical 50% of range pressure point and rallied strongly to form a potential double bottom .
Using balancing of time I have forecast dates to watch as pressure points for minor trend changes.
I am predicting the market to fall back to support on the 9th             to possibly form a triple bottom.
If this eventuates and the market holds we can expect a 200% of the A-B range.
This gives a price target of $241.
Using Gann's balancing of time, repeating time frames and seasonal time I am forecasting the 15th Feb for this potential setup.
I went short at $147 expecting this minor retest but will reverse and go long if the market presents a signal on the 9th             at support level .

Ian - Aussie Gann Trader
Kommentar: Here is the Gann square I'm working with. There's quite a lot of resistance at the current price point. The range resistance percentages and Gann angles have been reliable points of support and resistance.

Kommentar: Possible head and shoulder pattern forming. If it breaks the neck (blue line) the price should fall to the strong support zone.

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