lkunej

lkunej

Subdivisions look ok. RSI on larger timeframe is low. Parallel channel connecting W2 and W4 forms nice geometry. Median line of channel forms nice confluence with the first W5 target. This is not financial advice.

lkunej

Primary idea is that LTC is currently in a D wave of a contracting triangle. A:C = 1:0.618 (perfect reaction) If this is to be a "textbook" example of a contracting triangle, the following should happen: - D wave should complete at 0.618 of B wave (B:D = 1:0.618... +10% from now, 155-156$ area) - There is some market structure that could provide resistance...

lkunej

Expecting the price to react to high volume node to finish the w4. Plan is to wait for bullish entry signal somewhere in the red rectangle and go for a 5% gain. This is not financial advice.

lkunej

My plan is to wait for a bullish entry signal when the price is between the 30%-50% retracement of W3 (16e-14.2e). For now a short to this range could also work.

lkunej

My plan is to wait for a bearish entry signal when the price gets up to the end of the triangle (cca 130e) and we enter a overbought area on the 1h chart. Expecting to enter C wave of correction. Count looks good. This is not financial advice.

lkunej

It looking like a triangle in the B wave of this correction. C Wave to go down to an area of high volume (maybe not the highest one but one before... to be seen). After completing the correction, expecting a new impulsive wave to pass over the all time high. There is a short and long opportunity in this idea. I'd go for the long (maybe not as aggressive as...

lkunej

The idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree. 10:1 might be to risky for some, but with the right PA it's possible. We should drop to around the high volume node to finish the retracement before continuing upward. Good confluence with golden zone for W2 retracement and high level node. Wait...

lkunej

This could be a bullish option for BTC. Wait for a good entry signal and ride 1 or 2 waves up. Check other idea for bearish option. This is not financial advice.

lkunej

Eliott Wave Theory Technical for BTCUSD. Looks like we could be entering a W3 of a downward trend. Subdivisions of the waves look valid. This is not financial advice.

lkunej

If price falls to cca 103.7 it could be a part of an ABC corrective wave, possible 6:1 on B wave before possible drop. Target set at cca. 129.4. Just an idea, not financial advice.

lkunej

If price falls to cca 11.3 it could be a part of an ABC corrective wave, possible 3:1 on B wave before possible drop. Just an idea, not financial advice.

lkunej

After price came down to the expected level of a 4, expecting an extended 5 wave to go to cca 15eur. RSI also shows almost oversold market.

lkunej

Looking at the 1h chart we can see that LTC is a somewhat overbought area. After bitcoin broke ATH, LTC followed the growth and broke resistance that has been in place since the beginning of December. As the current price is quite far away from the 200 EMA, my prediction is that price will drop towards the 200 EMA too around 71e and then bounce back to follow...