/biz/ - Business & Finance

I think the thing that's convincing me, is the combination of BTCUSD, LTCUSD and LTCBTC pairs.

If you look at BTC, we just had a redic run up, so correction imminent

LTC:BTC screams cup and handle

the violent nature of cup & handles makes me think that to make the cup & handle true, we would require
1) violent price movement of LTC, no or moderate BTC movement
2) moderate LTC movement up w/ moderate BTC movement down
3) violent movement of BTC down w/ no move of LTC

obv wishful thinking makes me want to believe it will be scenario #2 - LTC goes up a little, BTC goes down a little, that makes the extreme behavior of the LTC:BTC pair complete the cup & handle formation