E55
Short

Big crash coming

BITSTAMP:LTCUSD   Litecoin / Dollar
Like every other altcoin we are looking for the last upmove.

This is very similar to Bitcoin             , Ethereum             and so on.

Due to a bull trap, we may even reach a target of just over $ 170, which is common in the 'E-wave', but I would not risk that scenario.

Kommentar: Again a big mistake... I think I just should sleep for 2 hours. Just look at the left chart, ignore the second. The second chart is from top to bottom wrong.

I going to sleep a bit. Good luck.
Trade wurde manuell geschlossen: Looking only for these scenarios:

Trade geschlossen: Ziel wurde erreicht: Crash started.
Update...
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@E55 Since LTC showed some resiliency relative to BTC, are we thinking support at $105 area again or new lows?
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I believe that btc could go to 1600-2000$ based on nasdaq chart comparison, you just getting confuse on time frame, its really dificult to be acurate on price action in lower time frames.
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E55 bitcoinwizard1
@MichelMery,

Yes i think it will do it. We re still at wave 3 and this wave can only go to $2000. Wave 5 will go to $1500
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@E55, Im thinking BTC's wave 3 has ended (from 17200 all the way down to 6000) and now we are forming wave 4. Because wave 2 was rather long (11k-17k) we could see a relative short wave 4 (6k to 9-10k). Could be that wave 5 could start any moment taking us to 5k-range. Just my two cents...
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Bullissimo Bullissimo
@Bullissimo, But wave 4 can go higher thou, 11k (a retest of the wave 1 low) is not unlikely althou in a short time frame it seems that BTC is starting to keel over (first time since 6k bottom that a peak didnt reach a new high).
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pschuett bitcoinwizard1
@MichelMery, Based on Nasdaq comparison I expect a first drop to 5.400 USD. Then a bounce back to 7.600 USD. After that rebounce a final drop to 4.264 USD (or below) is very likely.
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bull trap based on what evidence?
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Higher high lows, equal highs doesn't break usually up? :)
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