Quote from: iamnotback on April 11, 2017, 06:07:26 PM

BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit.

Yes, 1255-1275 is an area of significant resistance. The battle is at 1165 so I expect we can see a decline to around 1000-1100 if we don't get beyond 1280. Beyond 1280 the 1400-1440 range comes into play.

Quote from: iamnotback on April 11, 2017, 06:07:26 PM

This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is up today.

Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise).

Also today we broke out above that downward blue channel in the left chart quoted below!

Thoughts?

The BTCe charts are a little different but show long-term trends from a point when Poloniex was not the dominant LTC exchange. There is a long-term downtrend line that is now sitting at a little above LTCBTC 0.01 and had been breached on April 5-6th but not closed above on a daily basis. Once we close above that line there should be a run toward 0.015-0.02 and eventually ATH.

On both charts, the downtrend channel has been broken out of. Now we just have to see whether we trend sideways for a bit like ETH or resume the uptrend. Speaking of ETH, it is only a few days away from a potential breakout, probably to the upside.