Looking at the LTC chart.. found this bull flag channel in blue. falls on the 160 area. equal retracement to the first wave down is 160$. more and more arrows lining up at 160$. its like forecasting a hurricane and the closer it gets to land the more we can say where it will hit.
Commento:
Commento:
just finding more potential repeating patterns. not implying anything
Commento:
looks like a potential inverse head and shoulders. confirmation would be close of a 4 hour candle above 195$. although we had a similar inverse head and shoulders looking formation that proved to be a dud. target would be 230 ish if it were indeed an inverse h&S.