Litecoin LTCBTC - Bullish Wolfe Wave / Inverse Head & Shoulders

23 May 2017

Yeah Litecoin! Finally we're getting somwhere.

We've got an obvious Inverse Head & Shoulders going on, and a Bullish Wolfe Wave.

It's already broken above the neckline, but maybe wait to see obvious volume - I'm in already but I'm not always the most conservative trader :)

23 May 2017

Not

Bullish AF:

23 May 2017

Not

Closeup on Inverse Head & Shoulders with thoughts:

23 May 2017

Not

Giving it another try...

25 May 2017

Not

Well, bitcoin happened. This is a really dangerous market to trade right now guys, I'm going to be a little more conservative for a while - things seem to be getting into irrational exuberance territory and everything could be pretty unpredictable for a while.

Trading anything on margin right now is probably a really bad idea - but hodling is never a bad idea. I'm just making sure to always be 50% in BTC at the very least.

Still analyzing the charts to know what to look for, so I see some more possibilities with LTC - for one it might form a larger Inverse Head & Shoulders:



But too early to tell. Be safe and enjoy these wild times guys, it won't last forever!