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doing ABC correction right now. Until then, the bearish scenario will valid, and the next main negative target is located at 6000 again. Level at 9250 may be expected for the bullish scenario to be valid. A close above the fib. Because if the price decreases below 7900 level, we will expect to see 7000 level again. We can see that wave A and B is complete.
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Its clear that LTC prices gain positive momentum as the stochastics shows. Here is the alternative scenario for bitcoin comes from Haejin who is the Steemit phenomena; Head Shoulders Bottom Complete Bitcoin (BTC) breached out and above the upper, redrawn, wedge resistance! After that C wave completed, if a new 5th Elliot waveform begins, Monero has a potential to rise.050 BTC in the medium term. BTC 6200.32, eTH 317.08, lTC.62, bCH 558.13, eOS.93, eTC.05, dASH 164.68. The previous analysis we said that our first target fx fxstabilizer forex ea my fxbook is 11270 fib. Depending on the positive volume effect, to keep the bullish trend scenario active for the upcoming period unless breaking 9251 fib. Figure 1 XMR/BTC technical analysis, posted in, monero, Technical Analysis, tagged monero, posted on ubat 12, 2018 by Batou Leave a Comment on Litecoin Technical Analysis LTC/USD Gain Positive Momentum The price of litecoin(LTC) achieved to approach the bearish channels resistance at 165. Message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, last visit, message Follow Following Unfollow, message Follow Following Unfollow, last visit, message Follow Following Unfollow, last. We should note that breaching 198 will confirm stopping the negative pressure and push the price to return to the bullish trend again. Then hinted that the price initiatives would go up in the short run. Login, register, how To, partners, social 2018 Big League Finance, All rights reserved. Therefore, we can wait for a breakout above 9800 to buy.
Figure 2 Bitcoin price action with Inverted Head Shoulders, source: @Haejin Posted in Bitcoin, Technical Analysis. But as long as the 9250 resistance cannot be overcome, we can not say that the bullish scenario has begun. The stop loss for the trade should be kept at 8000. Posted in Litecoin, Technical Analysis Posted on ubat 12, 2018 by Batou Leave a Comment on Bitcoin Technical Analysis Bitcoin technical analysis update; Bitcoin continues to rise with the reaction it receives from 6000 support. However as long as the price remains below 198, the bear trend scenario is valid upcoming period and breaking 156 support push price. What if the price fails to break out of 9800? C wave will be completed by the end of February on the price.021 BTC. The profit objective is a move to above 11300.