Looking for decent bounces on Bitcoin and Litecoin

in bitcoin •  7 years ago 

If y'all have been watching Bitcoin and Litecoin lately, they have been tracking each other to a tee. Had a rough start to the day with sharp sell offs, but both are now into some interesting support and I think they are about to bounce back towards the top of the range. High probability of decent bounce on each with great risk:reward if you're into short term stuff.

BTCUSD

LTCUSD

If we can get back up to the range top we'll then be looking at either a Triple Top or H&S depending on which way it plays out. I can't quite put my finger on why, but the structure looks much more like the former to me. Break below respective support zones would invalidate my immediate bullish bias.

Good luck!

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@bulleth I see the LITES.................Let there be LITE.

great idea , will be on the watch too

I also have a long term bullish outlook

The charts looks sexy and hopefully we will see the bounce in both charts like you said.

meter of time... next target is $35000

  ·  7 years ago Reveal Comment