welcome back it's. The 20th of november 2020.. Friday is the freaking weekend. So have ourselves a great weekend ahead of you. We are at number six litecoin with the ticker ltc. So if you look at the column over here for the past seven days, no other coin is as bullish as like kind. So litecoin seems to be the most bullish coin for the past seven days at 30, almost 36 percent – this is amazing, so, like coin is uh potentially i'm going to show you about, potentially litecoin could be turning bullish. Yes, sir. So if you look at uh ltc against bdc uh right, the true gauge i'll say this made them to truly gauge the strength of a particular coin. Look at the btc, fair, fair pair, so for uh litecoin against bdc. You could see that potentially we were saying that this could be a double bullish. Divergence we've already noticed this a long long long long long time ago, and so i think this is becoming a triple bullish. Divergence feels like that to me, though, like a triple bullish. Divergence lower low on the prices like a series of lower low here, low low low low low, but as a series of high low high low high low on the macd high low high low high low on the rsi. So this could be a triple bullish. Divergence – and this means that litecoin could be uh on its uh move towards the upside right.
It could be a recovery coming in for litecoin against btc uh up so freaking lutely. However, we are still not exactly that sure yet. So we still don't see any clear volume coming in right. Uh, usually when things go, parabolic for litecoin you'll be able to see volume right. I think volume could just be beginning to pick up. I think that's about to happen, and so we are just anticipating litecoin to eventually make a move against. Bitcoin we've been obviously observing this for a very, very, very, very long time. Now. We think that eventually, likewise is going to complete an abcd abc already completed a c. We might get a d and the e and then pum, i think liquid is going to go on a para para para, a parabolic run against btc right once this completes uh. I have a strange feeling like one may, even go up to 0.1 or 0.2 btc right uh and that imagine your bdc is 20 000 uh dollars. 0.2 btc is actually four thousand dollars right now. Litecoin is only at eighty one dollars, four thousand dollars. Oh, my god, that'll be crazy. Yeah, so you're aware that we could be about to complete a wave c right uh. If this entire thing is a wave, a tada, this is a b. This is a c i think we're going up for a d and if and when we complete wave d and then we've got a e, maybe i don't know and after that palm sail.
Nara, just is a real, true, big, but sayonara moment that could come in for litecoin, something big could be growing and brewing and um i don't know. Charlie charlie is just not telling us but there's something happening behind the scenes. Something big is coming in for litecoin, um and so yeah it's, not something that there's already out in the news. This is something behind the scenes that uh nobody really knows, uh, except for the uh inner circle, i would say yeah. So i think, because we are charities ourselves and we could be able uh to detect when things about are about to make some sort of a reversal, and we could tell if whales are already in play right. So the bounce that came in for litecoin over here isn't exactly what i would consider as a very um bullish kind of a bounce if we bounce all the way up close to the skinny pink line and then after that, maybe we have a retrace. We might get some sort of her inversely and shoulders and then we could be on our way towards with d right or uh. We could uh come back down and we could get another five wave squeeze kind of a char pattern and then pump. We could be rising up for like coin against ptc abs, so freaking lowly. This could be what's uh coming for like when the thing is, we don't see it yet and normally as a trader, we will always miss the first move.
Uh we will get in at the retrace. What i mean by that is uh when, when things go on an impulsive run. Yes like this, this could be one two, three four five right things usually come in threes or fives, usually it's like that, and so we usually usually, we will miss the first wave right. There will be a retracement and we will get in at the retracement and we will take a trade between uh somewhere between uh wave three right. This will be where we uh make the profit right yeah. So we might even take a trade in state from here to here right all the way writing way, four up to by five right. This could be the entire trade for us if we were to be uh careful right, because the thing is when we are in a downtrend, we don't know how much lower things are going to go up right again. This is not stuck to sol's youtube channel and we highly highly discourage catching nice because you could be catching a zombo and you could uh slice off your hand right, let's, move on to like crying against usd, but before that, please give this video a like. If you enjoyed it subscribe to the channel – and let me know what you think about litecoin in the comments b so like coin against usd ooh, we were saying last week right, uh litecoin may have potential against usd look at this.
We are realizing the potential right now. I really really do hope that litecoin uh makes a stop here right uh. We were saying that potentially likewise form an inverse head and shoulders and then palm we blast off again. We could form another inverse head and shoulders over. Here wow, this would be uh amazing, it's, like an inverse head and shoulders giving birth to the inverse hand, shoulders yeah. So, okay, i don't know i did that anyway for litecoin yeah. We are aware of the potential. We are aware that there could be a reversal. The only thing is that um for litecoin against bdc, we don't, really see the pollutions coming in yet for liquin against usd again. We don't really see it. Yet we need to see clear, you know bullish sharp patterns. We need to see clear reversals first. This is too bullish and i have a strange feeling: uh we're not going to get a very straight line here, more likely than not uh, we are potentially getting a um, i don't know maybe might get a slanted kind of a inverse head and shoulders. Yes and after that, this slantedness could bring us towards the moon at about. I don't know 300 plus yeah. That could happen for us, but uh again. At this point of time, we're still not entirely sure we don't have any clear traditional patterns yet and so again, there's nothing much that we can do except to be patient and to wait for the litecoin wheels to do their thing.
This would also turn out to be a five way squeeze structure right and then we could start squeezing here and then palm we could be rising for litecoin, so yeah there you go. I don't think this is going to be a head and shoulders because this is a higher low, so yeah, i don't, think it's a head and shoulders it's a potential five wave squeeze and so yeah. We are uh, anticipating a proper correction. We will probably get in at a correction right. I think this is a three wave move towards the upside and here's a one, two three one, two three, four five uh one, two three right and one two three right: we could get another retracement here right, uh or it could be hanging around here and then Pop we rise higher, so things are beginning to look uh like christmas for, like coin right, it's, beginning to look a lot. Okay, it doesn't sound like that it's beginning to look a lot like okay, all right, um yeah, i guess that's it. For my coin. Technical analysis, uh we're, going to wait for a proper chop and then first and once we get a proper charge better then yes, we could get proper targets and once we get proper proper targets, then we could put on a proper trade for like coin but uh Yeah things are beginning to look a lot like christmas. All right, i guess that's it for my liquid technical analysis.
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