jackdavidpiney

LTCUSD 20% Growth due over the next 3 days?

BITSTAMP:LTCUSD   Litecoin / Dollar
What do you think?
Kommentar:
snapshot
Kommentar: Bull pin
Ichimoku opening

snapshot
Trade ist aktiv
Kommentar: Long position visualised

snapshot
..I think it just dropped 8% so we'll need 16% to break even.
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jackdavidpiney mraaronnelson
@mraaronnelson, Think bigger, think longer, think patience.
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Ha! We should call charts that look like this a "ground ball to first". My charts are showing the same thing. on current trend Ive got 305-315 in about 3 days (16th or 17th) could be sooner if we can muster up enough strength to break resistance....if only! :/
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jackdavidpiney bmwalker1789
@bmwalker1789, If only indeed!
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Can explain your chart?
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@Madhavrox, Of course, I have mapped the top and bottom averages, creating some basic convergence lines, and some historical support and resistances.

For example, I don't want to see it go lower than the bottom average line, and I want the previous retracement to be mimicked on the uptrend going forwards. The cone mapping the possible uptrend is simply used as a placeholder for me to plot my projected new Elliot sequence.

I hope that helps.

Remember this is just a guess based on some basic calcs, convergence and historical averages. nothing here is set in stone.

Regards
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Looks good!
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