Price action within patterns and patterns within patterns. What is going on?
The market sentiment is 'confusion'. We are in a bull market. The majority of patterns seen in the cryptocurrency markets are extremely bullish.
Patterns are not ever neat and tidy. And are completed subjective. A declining Cup & Handle on the daily chart is amongst many other patterns with supporting price action presented.
LTCUSD - A huge daily bullish pennant giving us a potential profit target of x4. On the 4hr a bullish H&S pattern giving us a potential target of $150, up from the current $119 at this time.
However this brings us to resistance, we need to see a break and retest of this price zone. Failure of the H&S will see us revisit $100. Why trade the noise?
Confused? Short term buy, price drop, panic, sell = empty wallet.
I see a short term 80% profit potential and a longer term 600% gain.
HODL ON
*USE BTC AS INDEX OR SENTIMENT INDICATOR
The market sentiment is 'confusion'. We are in a bull market. The majority of patterns seen in the cryptocurrency markets are extremely bullish.
Patterns are not ever neat and tidy. And are completed subjective. A declining Cup & Handle on the daily chart is amongst many other patterns with supporting price action presented.
LTCUSD - A huge daily bullish pennant giving us a potential profit target of x4. On the 4hr a bullish H&S pattern giving us a potential target of $150, up from the current $119 at this time.
However this brings us to resistance, we need to see a break and retest of this price zone. Failure of the H&S will see us revisit $100. Why trade the noise?
Confused? Short term buy, price drop, panic, sell = empty wallet.
I see a short term 80% profit potential and a longer term 600% gain.
HODL ON
*USE BTC AS INDEX OR SENTIMENT INDICATOR
