Elliott Wave counters know the meaning of "All the Same Market". This is when charts between many stocks and in this case, coins, look all the same, if not very similar. That means that sentiment is about the same across the market. Here is Litecoin with a possible developing Head & Shoulders Bottom, similar to the one presented for BTC.
It's clearly early in development but given the all the same market sentiment, the completiong of Right Shoulders 1 and 2 (RS-1, RS-2) would confirm that it is a H&S Bottom. The Left Shoulders (LS-1, LS-2) have been placed as well as the Head (H).
The minimum target is $106.92; calculated by finding the difference betweent he bottom of H and top of Neck Line and adding that to the Neck Line price.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Thank you Haejin :)
Yep. I saw your posts last night. I might be harsh at time. But I do appreciate you doing quick updates and following the trend. I think eth btc and ltc are following the same trend now. They broke out of the triangle to the right, started last night. And we might see new highs now. Plus on top you take in metropolis coming out we might see eth run away a little from ltc and bitcoin. Advantage likely eth here cuz ltc got a good boost after lightning transaction.
I'll keep it in mind.
I upvote every single time 😁coz I'm thankful
So long as these HS patterns play out, I'm going to sell all my price points out, making up for Monday I hope. Thank You as always!
Your feedback would mean a lot haejin:
https://steemit.com/cypto/@ennnzai/when-will-bqx-uptrend-again
I've been waiting for this post all day! Thank you for your hard work man! I see a six pack in your near future!
Haeijin can you please do an update for IOTA . Does it still has an up ward trend . Are we close to wave 5 ? .Thank in advance.
Here is the IOTA update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/iota-update-if-wave-2-is-done-then-wave-3-is-next