Litecoin LTCBTC - Bearish Pennant

15 mag 2017

Short term trade

16 mag 2017

Nota

16 mag 2017

Nota

I think we're close to the bottom if not at the bottom - stochastic is floored on most timeframes including 1d, I'm starting to see divergences on lower time frames, big divergence on the 1d.

Getting lots of buy signals on the 5-30m charts.

There's also a major trendline we're about to touch, will post a pic of that next

16 mag 2017

Nota

Here's that trendline we're getting close to:

16 mag 2017

Nota

I wouldn't be surprised if we had one more kick down to 0.0135 or 0.0130 just to really test that fibonacci level, but I'm closing my short here anyway

16 mag 2017

Nota

Pretty sure we've hit bottom:

16 mag 2017

Nota

Still think we've just about hit bottom but there's a new pennant forming so this is what it looks like to me currently:



Target should be around 0.0125ish if it plays out, then I'd expect it to try to break out of the top of the wedge... let's see