LTCUSD Elliott Wave Analysis - Its not done yet

LTCUSD can see further downside into a new low to complete the correction since ATH.

Upwards corrective structure similar to the related idea below.

ความคิดเห็น:

The structure of this bounce looks corrective so we want to see a short term uptrend for a better short entry on one of the labeled areas.

ความคิดเห็น:

Looks completed but might as well see another push to 51 or 53 even. Scenario is valid while trading below the high. BTC volatility is low so market will pick a direction soon TM.

การซื้อขายยังคงดำเนินอยู่:

Filled one order at 49 so its on.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

ความคิดเห็น:

Regardless of the final EW count on LTCUSD i still remain bearish on the pair. Either as an ABC 4 into new lows or a 123(45) of a new trend.

Verdict, still looking for shorts with min target back to mid 40s. Wont be updating this any more but may post a new idea in the future.