Im bullish long term ltc but bearish med to short term until it hits my target under $1
Lol good luck with that, if litecoin went that low its dead like if bitcoin breaks under $100 or something it wont look good for it long term.
Thats why it shall go down there.. I doubt btc will go that low. In trading persception is everything.. You got a long road ahead of ya
Well, assuming the count I posted plays out (that or a rise to ~$292) then we are very likely going to visit sub $100 levels at some point next year, in the mid to high double-digits. A great buying opportunity for everyone but, coincidentally, many will be hesitant to buy fearing lower lows or worse, that Bitcoin has capitulated and will consequently miss out on this opportunity.
How the sentiment generated by sub-100 valuation will impact your analysis? In other terms is it possible that
wave counts will be invalidated by the panic/fear/disengagement triggered by a mid to high double-digits "doom"
scenario?
(sorry for the naive questions but I follow EW analysis only tangentially)