LiteCoin has patterned out a downward wedge (blue) and unlike Bitcoin, the second pattern is a bull flag rather than a rounded price formation. Still, the combination of these two patterns is a power potential. Price has broken out of the bull flag pattern and is correcting. The key question is what's next?
The blue impulse wave shows that five waves completed. The current correction can also be patterned into a downward wedge which is nearly complete. IF this wedge pattern is correct, then it's nearly complete. Price should turn up as shown by the arrows. The MACD is now becoming almost a giant symmetrical triangle. The potential energy stored in this coiled pattern could support an explosive reversal.
This charts is Bitcoin (BTC) of virtual-coin. Only the downward trend is trading.
10-Minute candle chart
Rising to three waves.
Recently, rising from the peak to the center.
Next, level up?
Let's check the trend of green line.
😇: This post is a personal idea, not an investment idea. The transaction is a small transaction, so please enjoy it. It is your responsibility to invest, and you should be aware of subjective judgments and technical analysis to make investments.
😇 I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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a means of payment created by a group of programmers who acted on behalf of themselves as Satoshi Nakamoto in 2009. Touted as the world's first digital currency. bitcoin into crypto currency whose exchange system is not managed by any operator, but is done with a peer-to-peer system alias done directly between individuals without intermediaries. the bitcoin currency is not listed in the banking system and is not related to the government and all its exchanges are recorded in a distributed ledger called blockchain.
An attempt to break the new block of bitcoin by solving the Bitcoin algorithm. in this way, the new Bitcoin will be obtained and ready to be transacted. As we know if Bitcoin itself is a global financial system that becomes a new virtual currency and used as a means of payment. as well as being a means to store digital financial transaction flow records among other Bitcoin users.
Bitcoin price charts Exchange digital currencies with one another to earn profits according to the development of the world market.