The oddly shaped head and shoulders I posted in one of the other charts seems to have been right.
I'm currently short ont and ltc. Scalped a few other alts yesterday evening short. I think the little alt bull market is coming to a close and BTC is headed to the bottom of the triangle and maybe below it.
Since btc is still in the triangle I'm not shooting for runners on any of these but just scalping one movement at a time.
I'm currently short ont and ltc. Scalped a few other alts yesterday evening short. I think the little alt bull market is coming to a close and BTC is headed to the bottom of the triangle and maybe below it.
Since btc is still in the triangle I'm not shooting for runners on any of these but just scalping one movement at a time.
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Covered ltc and ont shorts, market is not ready that those yet. Will try again in a few hours maybe.
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Plan is now that market has formed some distinct lower lows on many alt charts to find 5 wave impulses that form the corresponding lower highs as a signal that the bear phase is official.
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Recent pattern looks like ABC measured move with 0A length same as BC length. Looking for lower highs to as confirmation to start fading alts.
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ABC turned out to be impulse. Market is too choppy to do anything with. Just sitting on the sidelines until get some kind of clarity in terms of lower lows and lower highs and the price action looks a little less whaley.
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My best crypto trades have looked pretty much like this where you're fading choppy head and shoulders type patterns in the hagopian region of andrews pitchfork. Watching for something like this: